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will hold on Tuesdays either liquidity provision auctions (repo and Lombard loan auc-
tions) or liquidity absorption auctions (deposit auctions) for a term of 1
calendar days in ad-
vance for the purchase of foreign currency at auc-
tions at the Belarussian Currency and Stock Exchange
(eventually, this requirement was
OBR bond auctions from November
2010 and to stop holding three-month deposit auc-
tions from January 2011 to raise the efficiency of
its monetary policy
credit risk limits. The Bank of
Russia has not held 12month repo auctions since
March 2010 and 6month repo auctions since April.
On April
1 January 2011.
The Bank of Russia has not held 12month repo auc-
tions since March 2010 and 6month repo auctions
since April. On 30
was low because of their low real yield. As no primary market auc
tions were held in early September and auctions were cancelled in the
set as follows: overnight weighted interest rate at the 4 week deposit auc
at 6.25% p.a., seven days at 6.75% p.a.
Reserve was to main weighted interest rate at the four seven day auc
tain stability in the financial sector and avert the risk of an
1.5% and against the yuan auctions. Average weighted 4 week deposit auc
by 2.5%. At the same time, the dollar appreciated 4.4
8 billion as of April The Bank of Russia set higher deposit auc
1, 2007. tion cut off rates in January March 2007. Aver
On