Slovak cbank drains SKK 180.8 bln in 2-wk repo

...from the market, the NBS data showed.

The NBS, which uses two-week repo auctions as a key monetary policy tool, took 196.88 billion crowns from the market a week ago.

The minimum accepted rate in the auction was 4.05 percent, while the average rate stood at 4.23 percent. The maximum rate was 4.25 percent.

The central bank cut the limit rate for two-week repo tenders by 25 basis points to current 4.25 percent on April 24.

[BRATISLAVA/Reuters/Finance.cz]