BoA increases liquidity injection

TIRANA, Feb. 27 – Albania’s central bank says it injected a total of 186 billion lek (Euro 1.3 billion) in the first quarter of 2014, with the overwhelming majority in one-week repo deals.
Total liquidly injected averaged 21.2 billion lek, compared to 16.05 billion lek in the final quarter of 2013 and 17 billion lek in the first quarter of the year.
Data shows the central bank injected around 157 billion lek through one-week repo deals in the first quarter of 2014 at an average of 12.84 billion lek. The BoA injected 26 billion lek in thirteen separate 2 billion lek one-month reverse repo deals and a total of 3 billion lek through three-month repo deals. The central bank also used one-day deposits in 6 cases to regulate daily liquidity at an average of 0.12 billion lek, down from 0.49 billion lek compared to the previous quarter. BoA also used one-day credits six times, at an average of 0.63 billion lek.
The central bank also continued foreign currency operations with the Finance Ministry mainly under swap contracts.
The Bank of Albania also bought 112.8 million lek of foreign currency from the International Development Agency (IDA) and the International Bank for Reconstruction and Development (IBRD).