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Russian central bank says repo auction on Monday will have no limit -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: On February 11, 2019, people walk by the Central Bank in Moscow. REUTERS/Maxim Shemetov/File Photo

MOSCOW, (Reuters) – Russia’s central banks said Sunday that they would not limit a repo auction called “fine-tuning”. They also stated that their banking system remained stable despite a raft sanctions against Russia’s financial institutions.

It stated that bank cards worked as expected and that funds of customers could be accessed anytime. The central bank stated that it will significantly increase the number of securities that are eligible to be used as collateral for loans from its central bank.

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