CB calls 6-mth loans auction off
MOSCOW. March 15 (Interfax) - The Central Bank had to call Monday's auction for 5 billion rubles in six-month unsecured loans off as interest in these auctions dwindles.
The CB said in a statement that the auction had been declared null and void. The floor rate at the auction was 11.75% p.a.
The CB placed just 2.299 billion rubles of a possible 5 billion rubles at 11.76% p.a. at its previous six-month loan auction on February 8.
Bank debt on unsecured loans is easing gradually, and stands at 78.3 billion rubles at present.