March 28, 2016 BY Maria Nikolova

Bank of Russia suspends 12-month FX repo auctions

Bank of Russia, the “Megaregulator” of Russia's financial markets, today announced its decision to to suspend 12-month FX repo auctions. The decision is effective April 1, 2016. The watchdog explained that the move reflects weak demand for these facilities from Russian credit institutions and the shift of this demand to 28-day FX repos. The Bank…

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