Croatia's C-Bank Accepts 30% of Bids in Revrepo Auction

The fixed repo rate in the auction was 6.0%, unchanged from the previous auction held on August 26, the central bank said in a statement posted on its website.

At the previous reverse repo auction the central bank accepted 40% of the placed bids that totalled 6,635.80 million kuna.

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=7.3434 Croatian kuna)