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Russian central bank provides banks with 20 million roubles at 1-year repo auction

Repo, or repurchase agreement, auctions are designed to increase banks’ capacity to manage their liquidity.

Liquidity at such actions became more expensive after the central bank raised its key interest rate by 100 basis points to 9.5% on Friday. It indicated that a further rate increase was likely.

($1 = 76.8625 roubles)


Source: Economy - investing.com

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