Relevant:
- Statement Regarding Planned Purchases of Agency Debt
- China, gold prices & US default threats - William Engdahl
- Russia is still buying gold - not selling it
- Russian central bank makes surprise interest rate cut
- GATA to Gartman: "If your interest is really piqued, try questioning central banks yourself"
2011-08-26 — reuters.com
``Russia's central bank will offer gold-backed loans for up to 90 days at an interest rate of 7 percent, it said in a statement on Friday, expanding its lending facilities for dealing with any future liquidity crunch in the banking system.
The gold-backed lending was approved by the board of directors at a meeting on Friday. The rate on the facility is in line with the central bank's Lombard rate on borrowing secured against high-quality bonds. ''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.