The Central Bank of the Russian Federation from December 14, will resume holding annual REPO auctions in foreign currency


MOSCOW, November 27. The Bank of Russia has decided to resume from 14 December 2015, conduct REPO auctions in foreign currency for a period of 12 months, stated in the message controller.

Minimum interest rate on REPO auctions in foreign currency for a period of 12 months was set at LIBOR in the respective currencies on the comparable period, increased by 3.00 percentage points (currently 2,50 p. p.), specified in the message of the Central Bank.

In addition, the minimum interest rate on auctions to provide loans in foreign currency secured by pledge of rights of claim on loans in foreign currency, for a period of 365 days will be equal to LIBOR in the respective currencies on the comparable period, increased by 3.25 percentage points (currently 2,75 p. p.).