Croatian National Bank (HNB) Intervenes in Foreign Exchange Market
6 June 2016, VG Intelligence Weekly Issue 009
The HNB intervened in the foreign exchange market, in order to purchase €83.5 million in foreign exchange reserves, thus stabilising the exchange rate. Due to an increased supply of foreign exchange reserves, the Croatian Kuna was pressured to appreciate in the last few days, because of the floating exchange rate regime. This intervention is in line with the HNB’s monetary policy.