The repo operation at which 22 banks participated was carried at a repo rate equal to monetary policy rate of 8% per year.

On October 1, the National Bank of Romania pumped 11.97 bln lei (€2.77 bln) liquidity into the banking system at a repo rate of 8%, mature on October 5. 12 banks participated in the operation.

The National Bank of Romania posted an average annualized rate of interest paid on the overnight loans (ROBID) of 10.84%, down from 10.97%, while the interests for the overnight deposits (ROBOR) dropped from 11.38% set on Friday to 11.51%.

Interbank interest rates were also exceeding the 8% key rate.