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Romania Ctrl Bk Pumps RON3B Into Market In One-Week Repo

Romania’s central bank on Monday injected 3.09 billion lei (EUR1=RON4.1325) into the monetary market in a one-week repurchase agreement operation, at an annual yield of 7%, equal to the key monetary policy rate.
Romania Ctrl Bk Pumps RON3B Into Market In One-Week Repo
08 feb. 2010, 13:26, English

The central bank bought state treasuries from eight lenders and will sell them back February 15.

On February 1, the central bank pumped RON9.24 billion into the market in a similar repo, at an annual interest rate of 7.5%.

On the money market Monday morning, overnight rates were at 7%-8% a year, but fell to 6.51%-7.01% a year after the central banks announced plans to boost liquidity.