Romanias central bank injects EUR 350mn in the money market.

By bne IntelliNews August 29, 2011
The central bank of Romania provided the banks RON 1.5bn (EUR 350mn) under a repo-type operation at the end of last week, after injecting RON 5.5bn in the money market to calm the short term interest rates one week earlier, according to latest data provided by the central bank. The repo-type deals were with a standard policy rate of 6.25% and the maturity of the funds provided in exchange for the Treasury bills was one week. Bank experts explained part of the interest rate rise in mid-September with the required reserves build-up period. The Treasury failed to drain any funds upon its 12-month auction on August 22, due to the high yields required by banks. Nonetheless, the trend for higher interest rates was visible also for longer maturities when the Treasury had to accept an average yield of 7.59% for its 10-year bond issued last week, after 7.45-7.46% in Jun-Jul.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss