The central bank rose the liquidity absorption rate for the second straight meeting. Last month, it increased the rate by 50 bps, but kept the lending facility rate unchanged.
Today’s moves aim to reduce the cost of financial intermediation, mainly the interest rates charged on credit to the economy.
In February, the LUIBOR Overnight was recorded at 3.57 percent, lower than 4.15 percent in January, while maturities of 3 and 12 months were 7.45 percent and 9.44 percent, respectively.