Turkish Central Bank pumps US$4.4 billion into market

After USD's historic peak in January, CB pumps US$4.4 bln into market.

Turkish Central Bank pumps US$4.4 billion into market
World Bulletin / News Desk
 
Turkey's Central Bank injected US$4.4 billion into the market on Friday, while offering a repo auction at a tender dated February 7, 2014.
 
The simple interest rate was set at 10 percent and the compound interest rate 10.51 percent.

On Thursday, the Central Bank more than doubled the borrowing rate from 3.5 percent to 8 percent and raised the lending rate from 7.75 percent to 12 percent. 
Last Mod: 31 Ocak 2014, 14:02
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