It was the second time the bank had increased its 14-day repurchase rate in two months.

The Bundesbank reduced its lowest repurchase rate by 12 basis points to 5.23 percent.

The Bundesbank cut its marginal repurchase rate by 12 basis points to 5.23 percent from 5.35 percent a week earlier.

Under the last six repurchase arrangements the repurchase rate had been cut by 6-12 basis points.

The Bank of Thailand raised its 14-day repurchase rate to 1.5 percent from 1.25 percent.

It also reduced its seven-day repurchase rate to 8.5 percent, from 8.75 percent.

In the last few months, it has been pushing down the repurchase rate gradually.

The interest rate they pay on the borrowings is known as the repurchase rate.

But for the last few weeks the repurchase rate has traded at the same level or a slight premium to the Federal funds rate.

The central bank, known as the Riksbank, cut 15 basis points from its repurchase rate, to 8.30 percent.