Croatian central bank starts bond-buying programme
HNB also holds repo auction and may relax banks’ capital buffers in response to coronavirus
Croatia’s central bank announced on March 13 that it would be buying government bonds in response to the economic impact of the coronavirus outbreak.
The council of the Croatian National Bank, or HNB, also said it had intervened in foreign exchange markets for the first time in four and a half years. It sold foreign currency worth approximately €1.2 billion ($1.34 billion), to stabilise the local currency’s rate against the euro.
The central bank did not give details of its bond purchase
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