BNR Pumps RON404M In 4-Day Repurchase Operation

04.28.2011 By Florentina Dragu

Romania’s central bank BNR on Thursday injected 403.7 million lei (EUR99.04 million) into the money market in a four days repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetary policy rate.

Romania's central bank BNR on Monday injected 403.7 million lei (EUR99.04 million) into the money market in a four days repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetary policy rate.

The central bank bought treasuries from three lenders and will sell them back May 2.

Dealers said the three lenders who borrowed from the central bank had difficulties in attracting funds on the inter-bank market, due to low ratings.

On the money market Thursday, overnight rates rose slightly to 5.3%-5.8% a year, from 5.2%-5.2% a year in the previous day.