The Bank of Russia has scheduled a fine-tuning repo auction for April 7, 2025. This auction aims to enhance liquidity management for credit institutions as the required reserves averaging period comes to a close. Additionally, the auction seeks to align overnight money market rates with the key rate. The auction will consist of two legs, with the first taking place on April 7, and the second on April 9, 2025.
Details regarding the maximum allotment amount will be announced on the day of the auction. The Bank of Russia will provide further information about the auction's schedule and parameters on its website, specifically within the sections titled "Schedule for Repo" and "Repo Auction Announcements."
As part of its ongoing efforts, the Bank of Russia will continue to monitor liquidity in the Russian banking sector. This monitoring will inform adjustments to the amounts involved in liquidity-providing and liquidity-absorbing operations. The central bank reiterates its objective to maintain money market rates as close as possible to the key rate.
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