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Repo auctions to be held on monthly basis

Oct 25th at 19:38
25-10-2016 19:38:22+07:00

Repo auctions to be held on monthly basis

The central bank announced yesterday that its newly introduced Liquidity-Providing Collateralised Operation (LPCO) would operate on a monthly basis during the next six months.

The National Bank of Cambodia (NBC) held its first LPCO last week, making 40 billion riel ($9.89 million) available to Cambodian financial institutions in need of liquidity.

The auction concluded with repurchase agreements, or repos, signed for some 12 billion riel.

The second LPCO is scheduled for November 22, the NBC said, adding that the interest rate guidelines and total funds available would be made available prior to the auction date.

phnompenh post

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