This is the second repo operation this month, after two lenders borrowed last week RON1.1 billion from the central bank at the same interest rate.
On the money market Monday, overnight rates were at 4.7%-5.2% a year. (EUR1=RON4.323)
Banks-Insurance
BNR Lends RON225M To Local Bank
The Romanian central bank Monday lent 225 million lei (EUR52 million) to a local bank in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetary policy rate.