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02.06 / 13:53
Bank of Russia pulls out liquidity bazooka to support interbank market
Details of the first monthly REPO auction announced on May 14 and due on May 25 were the most important part of Bank of Russia Governor Elvira Nabiullina speech during Friday press conference. The auction’s volume will be 500 bln roubles, roughly the average volume of “fine-tuning” auctions in recent months. Going forward, the volume will be announced on the eve of the auctions and will depend on the level of liquidity in the banking sector.
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