The Monetary Policy reforms implemented in April 2022 entailed changes to some of the operations. One of the change was that in June 2022, a new 1-month BoBC will be introduced to address any structural liquidity position in the market, while also supporting construction of the short-end of the yield curve since government securities are not issued for this tenor. The market will also appreciate that this instrument provides for price discovery for this particular tenor. Therefore, the inaugural 1-month BoBC  was issued on June 28, 2022, at a stop-out yield of 2.34 percent and was oversubscribed, for a paper maturing on July 7, 2022.

The Monetary Policy Rate (MoPR) was unchanged at 2.15 percent,from the previous week,for a paper maturing on July 6, 2022.

The summarised results of the auction held on June 28, 2022 are attached below: