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Economic

Romania Central Bank Pumps RON7.63B In 7-Day Repo

Romanian central bank Monday injected 7.63 billion lei (EUR1.7 billion) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary policy rate.

Florentina Dragu · 12 decembrie 2011 · 1 min de citit

It is the highest amount pumped into the market since February 1, 2010, when the central bank injected RON9.24 billion at a 7.5% annual yield.

The central bank bought treasuries from nine lenders and will sell them back December 19.

On the money market Monday, overnight rates were at 5.7%-6.2% a year, barely changed on the day. (EUR1=RON4.3409)

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