Croatian C-Bank Accepts All Bids in Reverse Repo Auction

The fixed repo rate achieved in the auction was six percent, the central bank said in a statement.

At the previous reverse repo auction held on November 26 the central bank rejected all bids worth 5.95 billion kuna. The average weighted repo rate offered by the commercial banks then was 8.34%.

The Croatian central bank launched open market operations in April 2005 using T-bills as collateral and aiming to manage liquidity better and prevent sharp interest rate fluctuations.

(1 euro = 7.1754 Croatian kuna)