Romanian Ctrl Bk Injects RON4.7B In Inter-bank Market

The central bank bought state treasuries from 15 commercial banks and will sell them back on May 25. The interest rate is equal to the monetary policy rate.

On the monetary market Friday, the interest rates rose significantly as the banks have to build up their required reserves at the central bank, a dealer said.

Thus, overnight rates were Friday at 11.76%-12.26% on the year, sharply higher than 5.97%-6.56% on Thursday.

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