Slovak cbank rejects some bids in 2-wk repo tender

03.04.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, April 3 (Reuters) - The Slovak central bank (NBS) rejected some bids at its regular two-week repo tender on Tuesday, extending its...

...fight against a rising crown currency.

NBS data showed the bank accepted bids worth 170 billion crowns ($6.82 billion) out of total 194.638 billion.

The minimum accepted interest rate was 3.0 percent in Tuesday's auction, while the average rate stood at 3.58 percent. The maximum rate was 4.0 percent.

The central bank cut the key two-week repo rate by 25 basis points to 4.50 percent on March 27.

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