On results of deposit auction-based fine-tuning operation
On 2 February 2015, the Bank of Russia held deposit auction-based fine-tuning operation on the following terms.
The deposit auction was attended by 29 credit institutions from 14 Russian regions. Bids offering interest rates in the range of 14.50% p.a. to 15.00% p.a. were submitted to the deposit auction. The allotment amount was 128.585 billion rubles.
As a result of the deposit auction the cut-off rate was set at 15.00% p.a.
The weighted average interest rate was 14.93% p.a.
The volume of funds raised as a result of the deposit auction was 128.585 billion rubles.
The auction was held in compliance with Article 46 of Federal Law No.
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