Bank of Russia to hold fine-tuning repo auction on 7 April 2025

To enhance liquidity management by credit institutions at the end of the required reserves averaging period and to maintain the conditions for overnight money market rates to form close to the key rate, the Bank of Russia will hold a fine-tuning repo auction on 7 April 2025, with the first leg to be conducted on the auction day and the second one – on 9 April 2025.

The maximum allotment amount at the auction will be set on 7 April 2025. The schedule and parameters of the auction will be published on the Bank of Russia website in the sections Schedule for Repo and Repo Auction Announcements, respectively.

The Bank of Russia will continue to monitor the Russian banking sector liquidity to take this information into account when adjusting the amounts of liquidity-providing and liquidity-absorbing operations. The Bank of Russia’s purpose is to maintain money market rates close to the key rate.

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