Russian banks get 10.7 bln rubles at 5-wk loan auction; cut-off rate
MOSCOW. July 14 (Interfax) - Russian banks received 10.720 billion rubles worth of five-week unsecured loans from the Central Bank out of a possible 20 billion rubles at Tuesday's auction, the Central Bank said in a statement.
The cut-off rate was the same as the minimum rate, 12.25% annually.
The weighted-average rate was 12.58%. Twenty-five banks bid in the auction and all bids were satisfied.