Croatia’s central bank accepted offers worth 3.5 billion kuna ($704.3 million) from local banks at its weekly reverse repo auction of finance ministry treasury bills on Wednesday.
Total bids in the amount of 6.21 billion kuna were almost as high as at the last auction, when they totalled 6.51 billion kuna, with bid rates varying from 3.60 to 4.30 percent and the weighted rate being 4.11 percent.
“I do expect a mild fall of interest rates after the auction, but boosted demand for the kuna ahead of Christmas holidays will push interest rates towards high levels in the coming period”, said a money market dealer at a major local brokerage.
“I see interest rates at between 8.00 percent and 9.50 percent in December,” the dealer added.

Related Articles

US 10-year Treasury auction attracts decent demand

Russian Central Bank to hold bond auction March 15

Stable exchange iraqi dinar rate propels dollar sales high in Iraqi auction

No bids accepted at Cyprus bond auctions

Sri Lanka treasury auctions resume

Posted: 11|28|07 at 1:14 pm. Filed under: Auction News.