Bank of Russia’s comment on liquidity-providing operations

Considering high demand at the one-week repo auction and in order to cover all banks’ need in ruble liquidity, the Bank of Russia has decided to continue daily fine-tuning repo auctions on business days in the amount of three trillion rubles for one business day, with the first leg conducted on the day of the auction. Furthermore, the amount of fine-tuning deposit auctions since 16 March 2022 will total one trillion rubles for one business day, with the date of depositing funds on the day of the auction.

The Bank of Russia will continue to monitor the banking sector liquidity to take this information into account for adjusting the amounts of liquidity-providing and absorbing operations.