August 19 (SeeNews) - The Croatian central bank said it accepted bids for Treasury bills worth 2,727.72 million kuna ($437 million/310 million euro) out of bids totalling 6,819.30 million kuna that were placed in a reverse repo auction on Wednesday.
The fixed repo rate in the auction was 6.0%, unchanged from the previous auction held on August 12, the central bank said in a statement posted on its website.
At the previous reverse repo auction the central bank also accepted 40% of the placed bids that totalled 7,178.30 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=7.3256 Croatian kuna)