The National Bank of Romania added 9.78 bln lei (€2.28 bln) of temporary reserves through seven-day repurchase agreement, mature on November 2. The NBR funds traded in the market at 8% repo rate, equal to monetary policy rate. 17 banks participated in the operation.
The previous repo operation carried by the National Bank of Romania was on October 12, when the central bank pumped 11bln lei in the market in a 2-day repurchase agreement at 8% rate.
The National Bank of Romania posted earlier today an average annualized rate of interest paid on the overnight deposits attracted (ROBID) of 10.36% up from previous 7.49%, and interests for overnight deposits placed (ROBOR) of 10.86% up from Friday’s 7.99%.
