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Russian central bank to hold daily auctions to help banks manage liquidity -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A view from the outside shows Russia’s Central Bank headquarters, Moscow (Russia), March 29, 2021. REUTERS/Maxim Shemetov

MOSCOW (Reuters – Russia’s central bank stated Wednesday that daily repo and deposit auctions would be held for 3 trillion roubles ($28.31 billion). This will help lenders manage liquidity and maintain overnight money market rates at or near its key rate.

In a statement, the bank stated that auctions would begin on Thursdays and be held on weekdays.

($1 = 105.9750 roubles)

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