ECB sets up €2 billion swap line with Croatian National Bank

Croatian National Bank

The European Central Bank and the Croatian National Bank have agreed to set up a new swap line, intended to remain in place until the end of 2020, both institutions said today (April 15).

The line will allow the Croatian central bank to borrow up to €2 billion ($2.2 billion) from the ECB in exchange for Croatian kuna. The maximum maturity for these operations will be three months, said the ECB.

“It will, if necessary, enable the CNB to provide the Croatian financial institutions with

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