Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
In order to increase the ability of credit institutions to manage their own liquidity and maintain conditions for the formation of overnight money market rates close to the key rate, the Bank of Russia will hold a fine-tuning repo auction on March 27, 2025, with the first part of the transactions executed on the day of the auction and the second part on March 31, 2025.
The maximum amount of funds provided at the auction will be set on March 27, 2025. The schedule and parameters of the auction will be available on the pages of the Bank of Russia website “Schedule of repo operations in rubles” And“Parameters of repo auctions in rubles” respectively.
In 2025, a gradual reduction in the liquidity surplus and a transition to a stable structural deficit is expected approximately in the middle of the year. At the same time, the need for liquidity is formed earlier for individual credit institutions than for the sector as a whole. In this regard, seasonally high annual taxes paid to the budget at the end of March may cause significant short-term fluctuations in the liquidity of the banking sector and may have a more significant than usual impact on the need for individual banks to attract funds.
As the transition to a structural deficit takes place, the Bank of Russia will begin holding weekly auctions to provide funds instead of weekly auctions to absorb liquidity. The need for this may arise before the transition to a sustainable structural deficit.
The Bank of Russia will continue to monitor the liquidity situation in the Russian banking sector and, taking this into account, will adjust the volumes of operations to provide or absorb liquidity. The purpose of the Bank of Russia’s operations is to maintain money market rates close to the key rate.
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