On the maximum allotment amount at the credit auction for the provision of 3-month loans
The Bank of Russia set the maximum allotment amount at the auction for the provision of
The maximum allotment amount exceeding the repayment of loans on the settlement day will allow banks to reduce the utilization of marketable collateral amid the seasonal growth in their demand for refinancing expected by the Bank of Russia by the end of the year. As a result favorable conditions for steering short-term money market rates using the Bank of Russia main operations — 1 week repo auctions — will be established.
The auction is conducted according to Regulation No.
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