Croatia to join euro area on 1 January 2023
Today the Council of the European Union formally approved the accession of Croatia to the euro area on 1 January 2023 and determined a Croatian kuna conversion rate of 7.53450 per euro – this coincides with the level of the current central rate of the kuna in the exchange rate mechanism (ERM II).
The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg’s credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in April and May 2022.(...)
Balance of payments of Luxembourg during the first quarter of 2022
The Banque centrale du Luxembourg (BCL) and STATEC inform that, according to the first provisional results, the current account for the first quarter of 2022 recorded a surplus of 440 million euros, a decrease of 28 million compared to the same period of the previous year.(...)
Evolution of reserve requirement
The Banque centrale du Luxembourg (BCL) informs that the reserve requirement, for the maintenance period from 15 June 2022 to 26 July 2022, amounts to 6 538 million euros.
Evolution of credit institutions’ balance sheet
The Banque centrale du Luxembourg informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 1 014 983 million euros on 31 May 2022, compared to 1 013 908 million euros on 30 April 2022, an increase of 0.11%.