Reserve Bank reduces overnight repo auctions as liquidity improves
The Bank said the ‘minor amendment’ will not have any adverse effect on liquidity operations
08 May 2020 - 17:28
The SA Reserve Bank said on Friday that it will reduce overnight repo auctions to one per day from the two it has held since early March to inject liquidity into the banking system amid the coronavirus pandemic.
“This minor amendment to the liquidity management strategy will not have any adverse effect on liquidity operations and should not be construed as a change to the Bank’s liquidity provision to the market,” the Bank said in a statement...
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