The bank brought treasuries from 17 lenders and will sell them back November 26. Demand rose to a fresh record of RON30.19 billion, from RON24.3 billion a week earlier.
Last week, the bank lent RON6 billion to 14 commercial lenders at an annual interest rate of 5.25%.
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 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 sold RON406.6 million of two-year treasury bonds earlier Monday, below the planned amount, as the average yield rose to 6.42% a year, from 6.35% a year at the previous tender.
In the money market, weekly rates were flat at 5.4%-5.9% a year. (EUR1=RON4.5349)