Turkey's Central Bank pumps $902 mln into market

After the historic peak of the US dollar in January, Turkey's Central Bank pumps another $902 million into the market.

Turkey's Central Bank pumps $902 mln into market

World Bulletin / News Desk

Turkey's Central Bank injected $902 million into the market on Monday, while planning a repurchase auction for February 17.

The simple interest rate has been set at 10 percent, and the compound interest rate at 10.51 percent.

On January 28, the Central Bank more than doubled its 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 has injected $4.52 billion into the market last Friday. 

Last Mod: 10 Şubat 2014, 12:26
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