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CBR Says it Will Continue One Day Repo Auctions with a Cap of RUB 3tn

  • Taking into account the high demand at the weekly repo auction, in order to meet the needs of all banks in ruble liquidity, the Bank of Russia decided to continue to conduct “fine-tuning” repo auctions in the amount of 3 trillion rubles for a period of one business day on business days with the execution of the first part of transactions on the day of the auction.
  • At the same time, the volume of “fine-tuning” deposit auctions from March 16, 2022 will amount to 1 trillion rubles for a period of one business day with the date of attracting funds to the deposit on the day of the auction.
  • The Bank of Russia will continue to monitor the liquidity situation in the Russian banking sector and, taking this into account, will refine the volume of operations to provide and absorb liquidity.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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