Central bank to offer $31 bln stimulus to banks to avoid liquidity crunch

Russia’s central bank is ready to offer up to 1 trillion rubles ($31 billion) to banks to replenish their ruble liquidity, Central Bank Chairman Sergei Ignatyev said on Monday. “As we sell foreign currency, some shortage of ruble liquidity may emerge in the banking sector. We are currently actively providing this liquidity through overnight repo […]