February 13, 2017 / 9:48 AM / 7 months ago

Bids at Croatia's weekly repo auction much lower

    ZAGREB, Feb 13 (Reuters) - Croatia's central bank said on
Monday it had accepted all bids, worth a modest 40 million kuna
($5.71 million), at its reverse weekly repo auction, at a flat
interest rate of 0.3 percent.
    Demand fell considerably from last week's 110 million kuna,
amid good local liquidity, with the daily surplus currently
reaching some 14 billion kuna.
    The overnight interbank rate         was quoted at 0.39
percent on Friday and the one-week spot rate at 0.44 percent.
The rates are updated daily at 1000 GMT. 
    Here are the details of Monday's auction:
    
              Auction date                      Previous action
                13/02/17                           06/02/17
    
 Yield          0.3 pct                            0.3 pct
 Bids            40 mln HRK                        110 mln HRK 
 Assigned        40 mln                            110 mln 



($1 = 7.0042 kuna)

 (Reporting by Igor Ilic)
  

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