Last week, the bank lent RON4 billion to 11 commercial lenders at an annual interest rate of 5.25%, equal to the monetary policy rate.
The bank started limiting its weekly repos in early October, in a bid to increase interest rates in the market and help strengthen the leu.
Central bank Mugur Isarescu said recently that controlling the leu’s evolution through limited repos was more efficient than tightening the monetary policy rate.
On the downside, however, the reduced liquidity makes it more difficult for the finance ministry to borrow at low yields. The ministry plans to sell RON800 million of one-year treasury bills later Monday.
In the money market, weekly rates were flat at 5.3%-5.8% a year.