CORRECTED-(OFFICIAL)-Russian cenbank cancels one-month repo auction after receiving one bid


(Corrects to show there was one bid. The central bank previously said there were no bids)

MOSCOW, May 25 (Reuters) – The Russia central bank said on Monday it had cancelled a one-month repo auction designed to inject up to 500 billion roubles ($6.99 billion) into the banking system as it received only one bid.

The one-month repo auction was in focus after the central bank said in early May it would offer liquidity to banks at long-term repo auctions for the first time since early 2014 as part of fine-tuning measures to support financial stability amid the coronavirus crisis. ($1 = 71.5600 roubles) (Reporting by Maria Kiselyova, Andrey Ostroukh and Elena Fabrichnaya; Editing by Alison Williams)



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