The bank bought treasuries from 13 lenders at the monetary policy rate of 5.25% a year and will sell them back on January 7, 2013.
The demand was more than four-times higher than the central bank’s ceiling, at RON17.5 billion.
Fund allocations are made on a pro-rata basis when auctions are capped so that banks may have asked for higher amounts to make sure they cover their needs.
The central bank started limiting its weekly repos in early October, in a bid to increase interest rates in the market and help strengthen the leu.
On the money market Monday morning, overnight rates were slightly changed to 5.8%-6.3% a year. (EUR1=RON4.4287)