Central Bank of Russia aligns swap transaction rates in yuan and rubles with key rate

MOSCOW. Oct 25 (Interfax) - The Central Bank of Russia has set interest rates on currency swap transactions for selling yuan for rubles with subsequent repurchase at the level of its key rate for both yuan and rubles from October 28, in order to calculate the swap difference, a press release issued by the bank said.

The decision was made in view of current pricing trends in the currency swap segment, and aims to minimize the impact of the bank's operations on market price formation, it said.