Romanian Central Bank Injects RON524M In 5-Day Repo
Romania's central bank Wednesday pumped 524 million lei (EUR121.3 million) into the market in a five-day repurchase agreement operation at an interest rate of 6% a year, equal to the monetary policy rate.
The central bank bought treasuries from two lenders and will sell them back January 9.
Last week, six lenders borrowed a total RON6.7 billion from the central bank at 6% a year, in an eight-day repurchase agreement operation.
On the money market Tuesday, overnight rates were down at 3.5%-4% a year, from 4%-4.5% a year in the last trading day of 2011. (EUR1=RON4.3219)
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