Türkiye's central bank resumed one-week repo auctions Monday after a nearly six-month suspension, as part of its Turkish lira liquidity management framework.
The Central Bank of the Republic of Türkiye (CBRT) announced Friday that it had decided to restart one-week repo auctions, which had been suspended on March 1 after the outbreak of the Iran war.
The CBRT offered TL1 billion ($21 million) in one-week funding at 37% Monday. In its last auction, the interest rate stood at 40.06%.
What does it mean?
One-week repo auctions are among the central bank's main tools for managing liquidity in the banking system and meeting banks' lira funding needs.
