Central Bank of Turkey’s TL Deposit Auction Receives Bids Worth 329 Billion Lira

The Central Bank of Turkey (TCMB) received bids amounting to 329 billion 87 million lira in its Turkish lira (TL) deposit auction held today.

In the TL deposit auction opened by TCMB with an initial amount of 300 billion lira, the total realization was 299 billion 999 million 500 thousand lira. The auction attracted bids totaling 329 billion 87 million lira.

The minimum interest rate in the auction was announced as 48.2%, the maximum as 50%, and the average as 49.88%.

source: prepared by Melisa Beğiç

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