Business Standard

Riksbank Keeps Repo Unchanged At 5.15 Per Cent

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The reverse repurchase

tender will run for seven days from September 18 to September 25.

Bids must be left by 0800 GMT on September 17 with the lowest accepted volume 200 million crowns and the highest accepted volume 40 billion crowns.

The repo rate, its key tool for controlling money market liquidity, was last lowered on September 10 when the Riksbank trimmed the rate by 10 basis points from 5.25 per cent.

Since the start of the year the Riksbank has cut the repo rate 19 times.

It began the year at 8.91 percent.

The financial markets had not expected the central bank to make any moves on the repo this week.

 

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First Published: Sep 18 1996 | 12:00 AM IST

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