October 14 (SeeNews) - The Croatian central bank said it accepted on Wednesday bids for Treasury bills worth 470.57 million kuna ($95.2 million/64.6 million euro) out of bids totalling 4,705.7 million kuna that were placed in a reverse repo auction.
The fixed repo rate in the auction was 6.0%, unchanged from the previous auction, the central bank said in a statement posted on its website.
The Croatian central bank launched open market operations in April 2005 using T-bills issued by the Finance Ministry as collateral and aiming to manage liquidity better and prevent sharp interest rate fluctuations.
(1 euro=7.2815 Croatian kuna)