National Bank Makes $100mln in 7-day Bond Auction

The National Bank of Belarus on September 5 raised 846.7 billion rubels ($100.3 million) in a seven-day bond auction.

Ten entities took part in the auction. The bond was sold at an annual interest rate of 19.05 percent.

Experts say that the NBB’s short-term bond auctions are aimed at soaking up excessive liquidity and fighting inflation.

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