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(AFX UK Focus)
2008-11-11 10:25
Russia c.bank issues 58.2 bln roubles in loans to banks |
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MOSCOW, Nov 11 (Reuters) - Russia's central bank had issued 58.2 billion roubles ($2.16 billion) in collateral-free loans to commercial banks on Tuesday, out of the 100 billion on offer. The cut off rate at the auction was 9.5 percent. The loans are granted for a period of five weeks. For details of the previous auction held on Nov. 10, see .
The collateral-free loans from the central bank were
introduced from Oct. 20, to help boost liquidity in Russia's
banking system.
(Moscow Newsroom; +7495 775 12 42; moscow.newsroom@reuters.com)
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