Today, on 10 July 2020, the Republic of Croatia has joined the Exchange Rate Mechanism (ERM II), the key step in the process for the adoption of the euro in Croatia. The CNB establishes close cooperation with the European Central Bank.
The comprehensive assessment shows that the five banks do not face any capital shortfalls. Comprehensive assessment follows Croatia’s request for close cooperation with ECB. Asset quality review and stress test were conducted for each bank.
The reserve requirement rate has been reduced with the aim of freeing additional liquidity which should make it easier for the banking system and the economy as a whole to weather the crisis we have currently found ourselves in.
In order to help overcome the epidemic-induced crisis, the conducting of a structural operation has been announced. The CNB has also started purchasing Republic of Croatia bonds with an aim of maintaining stability in the market of government securities. The CNB also announces the publishing of its supervisory expectations.
Communique on Croatia
ECB establishes close cooperation with Croatia’s central bank
Regular operation
CNB purchases RC securities in the nominal amount of HRK 1.316bn
CNB purchases RC securities in the nominal amount of HRK 2.753bn
Comments on the balance of payments and the international investment position in 1Q 2020
Comments on monetary developments for May 2020
CNB starts publishing national reference rate (NRR)
Comments on monetary developments for March 2020
CNB's response to COVID-19 crisis
