On allotment amount for 1-week REPO auction

The Bank of Russia set the maximum allotment amount of 3,670 billion rubles for 1-week REPO auction to be conducted on 16 December 2014.

The Bank of Russia sticks to a conservative approach to ruble liquidity provision. An increase in the allotment amount for the auction is chiefly attributed to a projected liquidity outflow in the coming week following the bank repayment of Federal Treasury deposits.

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