December 19, 2016 / 9:32 AM / 8 months ago

Bids rise at Croatia's weekly repo auction

ZAGREB, Dec 19 (Reuters) - Croatia's banks increased demand
at the central bank's reverse weekly repo auction on Monday,
with the interest rate unchanged at 0.3 percent, the central
bank said.
    The bank said it had accepted all bids, worth 180 million 
kuna ($25.02 million), up from 120 million kuna recorded last
week.
    According to the market participants, the kuna liquidity
remains good as it was additionally boosted last week by the
central bank's intervention on the foreign exchange market.
 
    The overnight interbank rate was quoted at 0.53 
percent on Friday and the one-week spot rate at 0.58
percent. The rates are updated daily at 1000 GMT.
    Here are the details of Monday's auction:
    
              Auction date                      Previous action
                19/12/16                           12/12/16
    
 Yield          0.3 pct                             0.3 pct
 Bids           180 mln HRK                        120 mln  
 Assigned       180 mln                            120 mln 


($1 = 7.1934 kuna)

 (Reporting by Igor Ilic; Editing by Angus MacSwan)

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