The bank brought treasuries from 17 lenders and will sell them back February 11. Demand rose to a new record high of RON38.5 billion, from RON37.52 billion in the previous week. The interest rate was 5.25%, equal to the monetary policy rate.
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=RON4.3667)