On the results of deposit auction-based fine-tuning operation
On 8 August 2014, the Bank of Russia held deposit auction-based fine-tuning operation.
The deposit auction was attended by 44 credit institutions from 12 Russian regions. Bids offering interest rates in the range of 7.37% p.a. to 8.00% p.a. were submitted to the deposit auction. The deposit auction supply amounted to 243.7 billion rubles.
As a result of the deposit auction the cut-off rate was set at 7.64% p.a.
The weighted average interest rate was 7.52% p.a.
The volume of funds raised as a result of the deposit auction was 190 billion rubles.
The auction was held in compliance with Article 46 of Federal Law No.
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