Bloomberg: Bank of Russia Rummages Through Toolkit as Liquidity Glut Surges

Russia’s central bank is expanding its efforts to mop up surplus liquidity with an instrument it hasn’t used for more than a year.
Instead of providing money to lenders at a regular repurchase auction, the central bank on Tuesday accepted 100 billion rubles ($1.5 billion) of funds on deposit for one week, paying a weighted average of 10.22 percent in interest. Demand from 62 banks at the first such auction since February last year came to 187 billion rubles.
The full article is available here.

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