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Romanian Central Bank Pumps RON9.24B Into Interbank Market

Romania’s central bank on Monday boosted the interbank market liquidity by injecting 9.24 billion lei (EUR1=RON4.0805) in a one-week repurchase agreement operation, at an annual interest rate of 7.5%, equal to the key monetary policy rate.
Romanian Central Bank Pumps RON9.24B Into Interbank Market
01 feb. 2010, 13:20, English

The central bank bought state treasuries from 16 commercial banks and will sell them back February 8.

On January 25, the central bank injected RON6.06 billion into the market in a similar operation.

On the money market Monday morning, overnight interest rates were at 8.25%-8.75% a year, up on the day, but the rates fell to 7.25%-7.75% on the year after the central bank announced to boost liquidity.