ZAGREB, March 7 (Hina) - The Croatian National Bank's (HNB) council on Wednesday held a session to consider the latest economic and monetary trends and a report on the management over the country's foreign exchange reserves in 2000,
read a statement issued by the central bank. According to the HNB's decision, interest rates on collateral loans will fall from 12 to 9.5 percent per annum, and interest rates for statutory reserves from 4.5 to 3.7 percent. The latter interest rates will be calculated on all means in the statutory reserves. The said decision was made in accordance to a general trend of cuts in interest rates under circumstances marked by high liquidity. The HNB council positively assessed the report on the management over foreign exchange reserves. Last year, the reserves increased by some 500 million US dollar to $3.52 billion at the end of 2000.(hina) ms
ZAGREB, March 7 (Hina) - The Croatian National Bank's (HNB) council
on Wednesday held a session to consider the latest economic and
monetary trends and a report on the management over the country's
foreign exchange reserves in 2000, read a statement issued by the
central bank.
According to the HNB's decision, interest rates on collateral loans
will fall from 12 to 9.5 percent per annum, and interest rates for
statutory reserves from 4.5 to 3.7 percent. The latter interest
rates will be calculated on all means in the statutory reserves.
The said decision was made in accordance to a general trend of cuts
in interest rates under circumstances marked by high liquidity.
The HNB council positively assessed the report on the management
over foreign exchange reserves. Last year, the reserves increased
by some 500 million US dollar to $3.52 billion at the end of 2000.
(hina) ms