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Russian central bank sells 1.2 trillion roubles at one-week repo auction

Russian central bank sells 1.2 trillion roubles at one-week repo auction
Russian central bank sells 1.2 trillion roubles at one-week repo auction   -   Copyright  Thomson Reuters 2022
By Reuters

– The Russian central bank said on Tuesday it had provided banks with 1.2 trillion roubles ($15.61 billion) at a one-week repo, or repurchase agreement, auction at a cut-off rate of 17%.

The central bank holds repo auctions to help banks manage liquidity at times when the financial sector is rocked by unprecedented western sanctions against Moscow.

($1 = 76.8750 roubles)