Slovak cbank repo drains SKK 167.4 bln from mkt

24.10.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, Oct 24 (Reuters) - The Slovak central bank (NBS) accepted all bids at its regular two-week repo tender on Tuesday, draining 167.437 billion crowns ($5.75 billion) from the money market, NBS data showed.

The central bank, which uses the weekly repo auctions as its main monetary policy tool, took 128.605 billion crowns from the market a week ago.

All accepted bids carried a 4.75 percent interest rate, matching the official rate for two-week repo tenders after the central bank raised the key rate by 25 basis points from 4.50 percent at its monetary policy meeting in September.

((Details of central bank repo tenders can be found at <NBSK03>)) ((Reporting by Martin Santa; tel. +421 2 5341 8402, email: martin.santa@reuters.com; RM martin.santa.reuters.com@reuters.net; editing by David Stamp)) ($1=29.13 Slovak Crown)

Keywords: MARKETS SLOVAKIA REPO

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