On Oct. 21, BNG CB changed frequency of repo agreement auctions.
BNG CB said repo auctions will be held one day, instead of two working days, a week.
Banks will be able to borrow through repo lending from BNG CB on Tuesdays only.
If a holiday falls on Tuesday, repo lending will take place on the next working day.
Banks will be able to take overnight repo on the day of the reserve maintenance period (the RMP) for the convenience of maintaining the cash reserve ratio (the CRR).
Standing lending facility and standing deposit facility will continue at prevailing rates.
