BoM trades one -week bills worth MNT730.8 billion

Daily Finance
2017-10-31 17:51:05
Ulaanbaatar /MONTSAME/ On October 30, the Bank of Mongolia traded 730.8 billion MNT worth 1-week maturity central bank bill (“CBB”), with weighted average yield of 12.0 percent per annum. 

1-week CBB plays an important role in managing the reserves of banks and is the core  monetary policy instrument of the Bank of Mongolia. The interest rate on CBB will be the policy rate of the BOM and will serve as a guide interest rate on the interbank market.