After overcoming, at the end of March 2020, the peak of tensions generated by the COVID-19 crisis on the domestic financial market, the immediate objective of the NBR was to maintain the regained stability and ensure the liquidity necessary to finance the public sector, companies and population. To this end, the NBR considerably increased the volume of repo operations performed on a bilateral basis (whose average daily stock reached approximately 13 billion lei between April 1 and May 15, 2020) and then initiated, continuing, the purchase of government securities. on the secondary market (their stock totaling 3.1 billion lei in mid-May).
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For more information, please see the Romanian version of the article, here.
