Lira interest rate raised from 17.75% to 19.25% in today's auction
Further support for the lira on the day as the Turkish central bank boosts the lira rate in the lira/dollar deposit auction. The dollar rate is held steady at 2%. According to the central bank, $1.5 billion was offered over two-weeks maturity.
If you recall yesterday, the central bank decided not to carry out any auction citing that price formations at the time were unhealthy.
The lira continues to stay firm against the dollar, hovering around 6.50 levels up around 5% on the day.
