ISTANBUL, Oct 23 (Reuters) - Turkey's central bank said on Friday it opened a 5 billion lira ($628 million) repo auction by the traditional, or variable rate method with an average simple rate of 13.33%, a day after it surprised analysts by holding its policy rate steady.
The repo CBTF will mature on Nov. 20. While leaving the repo rate at 10.25%, the bank raised the top rate in its corridor, the late liquidity window (LLW), to 14.75% from 13.25%. Analysts had expected a large rate hike.
($1 = 7.9646 liras)
(Reporting by Daren Butler; Editing by Jonathan Spicer)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.