Russian banks took 100 billion rubles at annual repo auction at 7.75% – CBR

MOSCOW, Jan 9 (Reuters) – The Russian Central Bank held an annual repo auction on Monday, after which it provided banks with the entire proposed amount of 100 billion rubles, according to the regulator’s materials.

Demand at the auction amounted to 100.01 billion rubles.

The cut-off rate at the auction was 7.75% per annum, the weighted average – 7.75%, the same were the maximum and minimum rates.

Later today, the CBR will hold a one-month repo auction, where it will offer banks 1.5 trillion rubles at the lowest possible rate of 7.60% per annum. (Moscow Bureau)

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