Bank of Russia changes parameters of funding at its one-month repo auctions

Starting from 9 January 2023, the Bank of Russia will hold one-month repo auctions at a floating interest rate equalling the key rate increased by 0.1 percentage points instead of the fixed repo rate. If the Bank of Russia changes the key rate, the interest rate on the effective one-month repos will be adjusted by the amount of change in the key rate. Other parameters of one-month repo auctions are unchanged. One-month repo auctions will be held in accordance with the pre-approved schedule.

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