6.8 C
January 21, 2021

Two banks borrow RON 336.8 M from the Central Bank, for a week

The National Bank of Romania (BNR) provided yesterday a one-week loan of RON 336.8 M to a number of two banks, through a repo auction, at the monetary policy rate of 6.25 pc a year, after granting to six more banks, last Friday, loans worth a total RON 1.506 bln, in an attempt to limit the increase of interests on the interbank market, Mediafax reports. Some banks were faced Friday by cash withdrawals that left them short on liquidities, so they were forced to raise their interests to deposits above the key rate of BNR, in order to draw cash deposits. After the repo auction held Friday, yields on the monetary market dropped under the Central Bank’s key interest rate, but Monday they returned slightly above this level.

Related posts

Vodafone Romania reports the financial results for the quarter ended June 30th, 2020


Finance Ministry borrows RON 300 M from banks at yield of 1.55 pc

Nine O' Clock

BNR revises 2013 inflation projection downwards to 1.8 pc