Romania's central lender pumps lei 6bn on the market through a one-week repo operation
Romania's Central Bank (BNR) injected 6.07 billion lei on the market through a repo operation maturing on February 1, at an interest equal to the monetary policy rate of 7.5 percent a year.
As many as nine lenders participated at the auction. The last similar operation completed by BNR was on December 29 last year, when it gave banks 9.47 billion lei through an operation maturing on January 4.
BNR today posted an average interbank bid rate (ROBID) of 7.45 percent a year, up from 3.17 percent in the previous session, and an interbank offer rate for overnight deposits (ROBOR) of 7.95 percent, above the previous 3.67 percent.
Interbank interests rose today as a new period to build the minimum mandatory reserves began and reached 6.5 – 7 percent a year, close to the key interest rate of 7.5 percent a year.
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