Romanian Ctrl Bk Draws RON524M From Interbank Market In Reverse Repos

The central bank sold state treasuries to two banks and will buy them back on April 6, paying a 10% interest rate, equal to the key monetary policy rate.

On Monday, the central bank attracted RON1.8 billion from banks in a similar operation.

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On the monetary market on Monday, overnight rates were at 9.71%-10.21% a year, while weekly rates at 10.17%-10.71% a year.

In the last period, the central bank injected liquidity on the market almost exclusively through repurchase agreements (repos).