February 2, 2018 / 8:32 AM / 10 months ago

Russia c.bank: banking sector's structural liquidity surplus to last

MOSCOW, Feb 2 (Reuters) - Russia’s Central Bank Governor Elvira Nabiullina said on Friday that the country’s banking sector will live with a structural liquidity surplus for long time.

The central bank will gradually reduce the number of bonds it has on its lombard list, or the bonds that banks can use as a collateral when borrowing from the central bank, Nabiullina added. (Reporting by Andrey Ostroukh; Writing by Polina Ivanova; Editing by Maria Kiselyova)

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