March 24, 2020 / 8:23 AM / 15 days ago

Turkish cenbank opens 15-bln lira, 90-day repo auction

ISTANBUL, March 24 (Reuters) - The Turkish central bank said on Tuesday it was opening a 90-day repo auction with a volume of 15 billion lira and an interest rate of 8.25%, 150 basis points below its policy rate.

The repo was in addition to its regular one-week repo with a rate of 9.75%, which on Tuesday had a volume of 14 billion lira.

Reporting by Daren Butler; Editing by Jonathan Spicer

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