The central bank bought treasuries from two lenders and will sell them back April 22. The interest rate was 5.25%, equal to the monetary policy rate.
The weak demand at today’s auction was due to a liquidity surplus in the money market. Monday morning, weekly rates were at 1.8%-2.3% a year, slightly up from 1.6%-2.1% Friday. (EUR1=RON4.4211)