UPDATE 1-Turkish central bank extends cheaper liquidity to primary dealers

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UPDATE 1-Turkish central bank extends cheaper liquidity to primary dealers

ISTANBUL, June 17 (Reuters) - Turkey’s central bank said on Monday it will extend a liquidity facility to primary-dealer banks with an interest rate

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ISTANBUL, June 17 (Reuters) – Turkey’s central bank said on Monday it will extend a liquidity facility to primary-dealer banks with an interest rate set at 23%, below its 24% policy rate, a move economists called a backdoor policy easing.

The facility would be limited in part by domestic government debt purchased by the banks through Treasury auct […]

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