The bank brought treasuries from 11 lenders and will sell them back January 28. Demand reached RON27.75 billion, slightly down from roughly RON28 billion last week. The interest rate was 5.25%, equal to the monetary policy rate.
Last week, the bank brought treasuries from 16 lenders.
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. (EUR1=RON4.3481)