The central bank bought treasuries from 10 lenders and will sell them back September 10. The interest rate was 5.25% a year, equal to the monetary policy rate.
Last week, the central bank limited its weekly repo offer at RON4 billion, even if commercial lenders wanted to sell state paper worth RON17 billion.
Market participants said the central bank’s decision to limit repo lending has helped strengthen the leu after interbank rates increased slightly.
On the down side, the measure led to higher yields at state treasury auctions.
In the money market Monday, weekly rates were at 5.1%-5.6% a year, little changed on the day. (EUR1=RON4.4898)