Bank of Russia pauses repo transactions

Central bank increases forex surcharge amid signs of strains on banking liquidity

Bank of Russia
The Bank of Russia

Russia’s central bank announced more emergency measures, including suspending repo auctions to banks for two days and increased the foreign exchange transaction surcharge.

The Bank of Russia announced today (March 4) that it would not carry out its repo auctions on March 5 and 7. “The execution of repo transactions concluded on March 4, 2022 will be carried out on March 9, 2022,” it said.

The central bank announced large scale liquidity operations on February 24, after Russian began invading

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.