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March 3, 2021

BNR gets RON 500 M from interbank market

Yesterday, BNR sterilised RON 500 M on the interbank market through a ‘depo-auction’ facility with a week’s maturity although the banks were willing to deposit a total of RON 6.04 bln with the central bank at an interest rate of 6.25 per cent, equal to the key-interest rate. According to Mediafax, a total of 24 banks participated in the operation and the deposits attracted by BNR mature on December 20. The sum raised represents 8.27 per cent of the total applications and dealers say the operation had no visible impact on interbank interest rates.

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