September 13, 2018 / 11:28 AM / in 8 days

Turkish cenbank says to fund via one-week repo auctions from Friday

ANKARA, Sept 13 (Reuters) - Turkey’s central bank will provide funding through one-week repo auctions instead of the overnight lending rate as of Friday, the bank said on Thursday.

In a statement after raising its benchmark rate by 625 basis points to boost the ailing lira currency, the central bank said it projected a one-week transition period for providing all of the funding through repo auctions. (Reporting by Ece Toksabay and Tuvan Gumrukcu; Editing by Daren Butler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below