The central bank bought treasuries from two lenders Monday and will sell them back September 5. The interest rate was 6.25% a year, equal to the monetary policy rate.
Romanian lenders are having trouble borrowing on the interbank market because of high interest rates, which prompted the central bank’s intervention.
Two weeks ago, the central bank injected almost RON5.5 billion in the market via two consecutive repos to lower the rates.
On the money market Monday, overnight rates rose slightly to 5.85%-6.35% a year, from 5.8%-6.3% a year Friday. (EUR1=RON4.2402)