Macedonias central bank sells EUR 151mn of 28-day bills at regular auction.

By bne IntelliNews April 11, 2012
The central bank offered MKD 9.3bn (EUR 151mn) of 28-day central bank bills in April 11. An amount equal to the offer was sold while the demand totalled MKD 9.52bn. The average yield was 3.94%. The bills are used by the authority to manage the liquidity of the banking system. These debt securities usually have 28-day maturity. Bills with a total amount of MKD 9.93bn matured yesterday, April 11, and the outstanding amount of the instrument thus decreased by MKD 629mn to MKD 36.66bn. On April 6 the central bank announced several changes in the operational framework for conducting the monetary policy. Regarding the central bank bills auctions, the monetary authority said that it is reducing their frequency from weekly to once every 28-35 days and is limiting the offered amounts of bills.
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