National Bank to resume weekly operations to regulate liquidity from 6 October

<p> MINSK, Oct 4 - PrimePress. The National Bank of Belarus (NBB) will resume weekly liquidity support and withdrawal operations on a regular basis from 6 October 2021, according to the bank’s press service. </p> <p>   </p> <p> “In order to increase the effectiveness of the current liquidity management in the banking system, the National Bank will regularly initiate weekly liquidity support and liquidity withdrawal operations for seven days in the form of interest rate auctions starting from October 2021,” reads the statement. </p> <p>   </p> <p> The National Bank specified the next auction is scheduled for 6 October 2021. </p> <p>   </p> <p> As previously reported, in early autumn 2020 the National Bank decided to provide liquidity to banks through auctions (from January 2021 held at a declared interest rate, which is equal to the rate on the National Bank's permanent liquidity support operations in the form of overnight loans plus 1 percentage point, for a period of six months). </p> <p>   </p> <p> Back then the NBB pointed out a significant increase in the banks’ loan portfolio in Belarusian rubles amid the growing liquidity deficit, which put additional pressure on the domestic foreign exchange market, and this decision aimed at reducing this pressure. The NBB also hoped that banks would conduct bilateral operations on the open market to support liquidity, taking measures to reduce its deficit. End </p>

2021-10-05

Primepress