Central Bank will provide more liquidity

Central Bank will provide more liquidity

Newsroom Bank of Russia takes additional steps to increase its ability to provide liquidity to commercial banks. According to the Central Bank First Deputy Chairman Alexei Ulyukaev.

The relevant decisions adopted before the committee on monetary policy TSB.

As pointed out by Alexei Ulyukaev, reset discounts on direct repo operations with OFZ and OBR. If before discount was 1.25%, now it equals zero, and hence, under the same amount to ensure banks can attract more liquidity. This will increase the possibility of TSB to provide liquidity through repo transactions by about 10 billion rubles.

Also, the Central Bank increased the adjustment ratios to provide liquidity on bail non-tradable assets - credit claims and bills. Each of the three types of correction factors upgraded to 0.2. This will provide additional liquidity at billions of rubles.