Russian central bank says to reduce limits for repo auctions to 1 trln rbls

FILE PHOTO: People walk past the headquarters of Russia's Central Bank in Moscow
FILE PHOTO: People walk past the Central Bank headquarters in Moscow, Russia February 11, 2019. REUTERS/Maxim Shemetov

March 14, 2022

(Reuters) – The Russian central bank said on Monday it would reduce the limits on repo auctions and deposit auctions for “fine-tuning” to 1 trillion roubles ($8.9 billion) from the previous threshold of 3 trillion roubles starting from March 16.

The bank also said it would hold a repo auction on Tuesday.

($1 = 113.0000 roubles)

(Reporting by Reuters)