Russian banks attracted 200 billion rubles at two repo auctions – CBR

(Second auction results added, new edition of text and title)

MOSCOW, July 17 (Reuters) – The Central Bank of Russia held long-term repo auctions on Monday, as a result of which it transferred 200 billion rubles to banks, according to materials from the regulator.

At the annual repo auction, the limit was 100 billion rubles and the banks chose it completely, as well as at the monthly one, where the Central Bank lowered the offer to 100 billion rubles.

The cut-off rate for the monthly auction was set at 7.66% per annum, similar to the weighted average. The maximum rate was 7.66%, the minimum – 7.6201%.

At the annual auction, the limit rate is set at 7.75% per annum. The weighted average, maximum and minimum bids were at the same level. (Elena Fabrichnaya. Editor Dmitry Antonov)