Russia c.bank ups floor for its key repo rate

MOSCOW, Feb 1 (Reuters) - Russia's central bank will raise the floor for its key one-day repo rate by 25 basis point to 6.25 percent from Feb 4, an official from the financial markets operation department told Reuters on Friday.

The central bank provides commercial banks with liquidity through its one-day repo auctions. The rate at the last auction was set at 6.02 percent. The central bank's monetary policy committee sets the floor for the repo rate. (Reporting by Gleb Bryanski, Editing by Dmitry Zhdannikov)