The Central Bank of the Russian Federation will conduct daily repo and deposit auctions with a limit of 3 trillion rubles.
On March 3, 2022, the Bank of Russia will hold a one-day repo auction and a one-day deposit auction as part of “fine tuning”, both with limits of 3 trillion rubles, follows from the message of the regulator.
The date of execution of the first part of the transactions of both auctions is on the day of the auction, the second part is March 4, 2022.
“These operations in the indicated volumes ( 3 trillion rubles – IF ) will be carried out daily on business days. The Bank of Russia will continue to monitor the situation with the liquidity of the Russian banking sector and, if necessary, the limits on these operations will be specified,” the message of the Central Bank emphasizes.
Earlier it was reported that the structural liquidity deficit of the banking sector on transactions with the Central Bank exceeded 6.9 trillion rubles. This indicator reflects the state of the banking system, characterized by the fact that credit institutions have a steady need to raise liquidity through operations with the regulator.