March 22 (SeeNews) - North Macedonia's central bank said it sold 10 billion denars ($175 million/162 million euro) worth of 49-day central bank (CB) bills at an auction on Wednesday, in line with target.
The interest rate on the securities, which equals the central bank's monetary policy rate, was set at 5.50%, the central bank said in a statement.
North Macedonia's central bank said earlier on Wednesday it decided to raise its policy rate by 0.25 percentage points (pp), to 5.50%, as uncertainties related to anticipated inflation trends remain high.
Details of the last two auctions of central bank bills follow:
Auction date |
March 22 |
February 15 |
Maturity date |
May 10 |
March 22 |
Amount offered (bln denars) |
10 |
10 |
Bids placed (bln denars) |
10 |
9.995 |
Amount sold (bln denars) |
10 |
9.995 |
(1 euro = 61.60 denars)