September 9 (SeeNews) - The Croatian central bank said it accepted on Wednesday bids for Treasury bills worth 1,990.56 million kuna ($393 million/271 million euro) out of bids totalling 6,635.2 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 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)