HNB Releases 1.32 Billion Kuna Through Regular Open-Market Operation

Total Croatia News

ZAGREB, April 14, 2020 – The Croatian National Bank (HNB) released HRK 1.32 billion (€174m) to commercial banks on Tuesday, through a regular open-market operation with a one-week maturity and at an interest rate of 0.05%, the same as at the last four auctions.

Regular open-market operations are one of the measures taken by the central bank to increase the liquidity of the banking system for the purpose of maintaining exchange rate and financial stability amid the crisis caused by the coronavirus epidemic in the country.

The HNB received requests for HRK 1.32 billion and granted them all. The settlement date is April 15 and the maturity date is April 22. Today’s amount is HRK 200 million (€26m) lower than last week when the banks requested and received HRK 1.52 billion (€200m).

On March 16, the HNB conducted a structural operation, releasing HRK 3.8 billion (€500m) to the banks with a maturity of five years and at 0.25% interest, the largest amount provided in structural operations to date.

More economy news can be found in the Business section.


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