Last Amortization of Traditional Repo Auctions Performed Today

Last Amortization of Traditional Repo Auctions Performed Today Today, the last amortization of traditional repo auctions was performed. A new era has begun in monetary policy. Today a new era began in monetary policy for Turkey. In this context, the last amortization of traditional method repo auctions, which have been used in monetary policy for a while, took place on December 17th. Today, TL was not awarded to the system through traditional method repo auctions. Accordingly, the period of traditional method repo auctions has come to an end. Central Bank of the Republic of Turkey (CBRT), as part of tightening policy, has implemented methodically traditional repo auctions on August 3. In November, when the CBRT changed its president, the first Monetary Policy Committee decided to implement a simplification policy. With the decision taken at the MPC meeting in November, it was noted that the funding provided by traditional method repo auctions and late liquidity window facilities with one month maturity will start to be made with one-week repo amount auctions, which are the main monetary policy tool of the Central Bank, as of November 20 2020. While the CBRT determined the liquidity in the traditional method of repo auctions, the interest rate was shaped according to the demands of the market. In traditional method repo auctions, which started to be applied on August 13, the highest interest rate was recorded as 15.06 percent on November 19.