Romania Central Bank Injects RON2.38B In 7-Day Repo
The Romanian central bank Monday pumped 2.38 billion lei (EUR546 million) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary policy rate.
The central bank bought treasuries from five lenders and will sell them back December 12.
Last week, the central bank injected RON1.65 billion into the market in a similar operation.
On the money market Monday, overnight rates were at 5.6%-6.1% a year, barely changed on the day. (EUR1=RON4.353)
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