{"id":25580,"date":"2011-11-27T13:56:36","date_gmt":"2011-11-27T18:56:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/11\/27\/croatian-national-bank-cuts-lombard-rate-275bps-to-6-25\/"},"modified":"2011-11-27T13:56:36","modified_gmt":"2011-11-27T18:56:36","slug":"croatian-national-bank-cuts-lombard-rate-275bps-to-6-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/11\/27\/croatian-national-bank-cuts-lombard-rate-275bps-to-6-25\/","title":{"rendered":"Croatian National Bank Cuts Lombard Rate 275bps to 6.25%"},"content":{"rendered":"<p><span>The&nbsp;<\/span><a href=\"http:\/\/www.hnb.hr\/eindex.htm\">Croatian National Bank<\/a><span>&nbsp;decreased its Lombard lending rate by 275 basis points to 6.25% from 9.00% previously. &nbsp;Meanwhile the bank held its other interest rates unchanged. &nbsp;The Bank said:&nbsp;&#8220;In addition, the central bank is allowing commercial banks to use their reserve funds under certain conditions,&#8221;&#8230; &#8220;The central bank has to approve the usage of reserves and will charge an interest rate of the Lombard rate plus 1 percent for periods up to 3 months, and Lombard plus 2 percent for longer periods.&#8221; according to <a href=\"http:\/\/www.bloomberg.com\/news\/2011-11-25\/croatian-central-bank-lowers-lombard-rate-to-6-25-from-9-1-.html\">Bloomberg<\/a>.&nbsp;<\/span><\/p>\n<div><a name='more'><\/a><\/div>\n<div>The Croatian National Bank&#8217;s latest moves include lifting its <a href=\"http:\/\/www.centralbanknews.info\/2011\/09\/croatian-national-bank-lifts-rrr-100bps.html\">required reserve ratio<\/a> by 100 basis points to 14.00% in September, and reducing the <a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/croatian-national-bank-cuts-discount.html\">discount rate<\/a> by 200 basis points to 7.00% in June this year. &nbsp;The Bank last raised the discount rate by 450 basis points to 9.00% from 4.50% in December 2007. &nbsp;According to IMF data, Croatia saw economic growth of 0.13% in 2010, while annual consumer price inflation was 2.6% for the year.<\/p>\n<div><\/div>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3516980520524495941?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Croatian National Bank&nbsp;decreased its Lombard lending rate by 275 basis points to 6.25% from 9.00% previously. &nbsp;Meanwhile the bank held its other interest rates unchanged. &nbsp;The Bank said:&nbsp;&#8220;In addition, the central bank is allowing commercial banks to use their reserve funds under certain conditions,&#8221;&#8230; &#8220;The central bank has to approve the usage of reserves and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/11\/27\/croatian-national-bank-cuts-lombard-rate-275bps-to-6-25\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Croatian National Bank Cuts Lombard Rate 275bps to 6.25%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-25580","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=25580"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25580\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=25580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=25580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=25580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}