Turkey's CB pumps US$13.35 bln into market

After USD's historic peak in January, CB pumps US$13.35 billion into market.

Turkey's CB pumps US$13.35 bln into market
World Bulletin / News Desk

Turkey's Central Bank injected US$13.35 billion into the market Wednesday, while offering a repurchase auction at a tender dated February 12, 2014.
 
The simple interest rate was set at 10 percent and the compound interest rate 10.51 percent.

On January 28, 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.

Turkey's Central Bank injected US$4.4 billion into the market in a repurchase auction last Friday and US$880 million on Monday.
Last Mod: 05 Şubat 2014, 12:45
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