Bank of Russia commentary on liquidity provision operations
The Bank of Russia considers the current liquidity position of the Russian banking sector to be sufficient for the sustainable functioning of the Russian financial system.
At the same time, in order to expand credit institutions’ capabilities to manage their own liquidity, and to preserve the conditions for money market rates to form close to the key rate, the Bank of Russia plans to hold a fine-tuning repo auction in the amount of 1 trillion rubles on 6 May 2020, with the first leg to be conducted on the auction day, and the second one — on 12 May 2020.
The Bank of Russia will continue to monitor the liquidity situation in the Russian banking sector and, based on its findings, it will adjust the amounts of its liquidity provision and absorption operations.