Business · Economy · 2 hrs ago

Turkey’s central bank liquidity surplus falls by 149 billion lira

Turkey’s central bank liquidity surplus falls by 149 billion lira

Turkey’s central bank recorded a sharp fall in its net funding to the financial system by the end of last week.

Net funding dropped by 149 billion lira to minus 672.5 billion lira.

A negative figure means the bank withdrew more liquidity from markets than it supplied.

The bank provided 150 billion lira through a one-week repo auction, bringing its total gross funding through open-market operations to 501 billion lira.

It withdrew a total of 1.173 trillion lira through auctions, quotations and liquidity bills.

The figures show that the excess liquidity in the market had decreased.

The figures do not say what the central bank will do next.

Sources

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