On the results of deposit auction-based fine-tuning operation
On 9 July 2014, the Bank of Russia held deposit auction-based fine-tuning operation on the following terms:
The maturity is 1 day (settlement date — 9 July 2014, maturity and interest payment date — 10 July 2014). Type of the auction is the American one. The maximum volume of funds is 170.0 billion rubles.
The deposit auction was attended by 33 credit institutions from six Russian regions. Bids offering interest rates in the range of 6.95% p.a. to 7.50% p.a. were submitted to the deposit auction by credit institutions. The deposit auction supply amounted to 225.9 billion rubles.
As a result of the deposit auction the cut-off rate was set at 7.39% p.a.
The weighted average interest rate was 7.31% p.a.
The volume of funds raised as a result of the deposit auction was 169.8 billion rubles.
The auction was held in compliance with Article 46 of Federal Law No.
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09.07.2014 00.00.00