The bank said on Friday it would offer up to 400 billion roubles at the one-year auction, testing demand for long-term rouble liquidity with its benchmark interest rate at a record low of 4.25pc.
MOSCOW: The Russian central bank said on Monday it had sold 20 billion roubles ($259.43 million) at a one-year repo auction, only its second such auction since 2014 following one in June.
The bank said on Friday it would offer up to 400 billion roubles at the one-year auction, testing demand for long-term rouble liquidity with its benchmark interest rate at a record low of 4.25pc.
Repo, or repurchase agreement, auctions are held to increase the capacity of credit institutions to manage their liquidity.
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