Croatian C-Bank Approves All Bids in Revrepo Auction, Weighted Rate Up

The weighted repo rate was 8.35%, up from 7.69% achieved in the previous auction held on November 12, the central bank said in a statement.

The repo rate of bids ranged from 7.75% to 9.15% on Wednesday. The marginal rate for the accepted bids was 7.75%, up from 7.50% last week. The percentage of accepted bids at marginal repo rate stood at 100.00%.

At the reverse repo auction on November 12, the bank approved bids for Treasury bills worth 4.105 billion kuna out of all bids worth 5.377 billion kuna placed in the reverse repo auction.

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 = 7.1266 Croatian kuna)