Romania Ctrl Bk Pumps RON3B Into Market In One-Week Repo

Romania’s central bank on Monday injected 3.09 billion lei (EUR1=RON4.1325) into the monetary market in a one-week repurchase agreement operation, at an annual yield of 7%, equal to the key monetary policy rate.

Romania Ctrl Bk Pumps RON3B Into Market In One-Week Repo

The central bank bought state treasuries from eight lenders and will sell them back February 15.

On February 1, the central bank pumped RON9.24 billion into the market in a similar repo, at an annual interest rate of 7.5%.

On the money market Monday morning, overnight rates were at 7%-8% a year, but fell to 6.51%-7.01% a year after the central banks announced plans to boost liquidity.



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