15:11, 30.06.2008 Romanian Ctrl Bk Fails To Attract Deposits As Mkt Interest Rates Are Higher

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BUCHAREST / 15:11, 30.

06.2008 The auction organized by Romaniaa€™s central bank Monday to drain excess liquidity off the market, as no lending institution took part in the operation, considering commercial banks offer interests ranging between 10.69% - 11.22% for one-week deposits, while the central bank offers 10%."Interests on the market are more attractive than the central bank’s, and no lender took part in the auction," said a dealer with a Bucharest-based bank.In the auction last...

Read the whole story in: Mediafax