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Albanian Central Bank intervenes in money market, foreign exchange market in Q3 2015

Xinhua, January 9, 2016 Adjust font size:

The Bank of Albania said Friday that money market interventions during the third quarter of 2015 consisted of open market operations for injecting temporary liquidity.

The central bank said the total amount of injected liquidity averaged 36.4 billion lek (289 million U.S. dollars), from 28.4 billion lek in the previous quarter, and 30.2 billion lek in the previous year.

To inject temporary liquidity, the Bank of Albania employed its main instrument, the one-week reverse repurchase agreement, on average 22.14 billion lek, from the average of 19.50 billion lek a week in the previous quarter, whereas the one-month injections averaged 3.94 billion lek, compared with 3.28 billion lek a week in the second quarter.

Since the end of July, the central bank had conduced three-month injections in three cases, driving the liquidity being injected through this maturity in the current quarter to average 2.55 billion lek at a nominal value, and 5.7 billion lek at the end of the quarter.

The central bank did not conduct an outright purchase or sale of treasury bills during the third quarter of 2015. Endit