MNB allocates EUR 2.15 bln of euro liquidity swaps at tender


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MNB

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The National Bank of Hungary (MNB) allocated € 2.15 billion in euro liquidity swaps in a tender on Wednesday, accepting all bids, MTI news agency reports, citing published data by the central bank.

The tender was the first of four the MNB is holding to ease tensions in the end-of-quarter swap market in the third quarter. The other calls for tenders will take place on September 28, 29 and 30.

The central bank began the practice of holding end-of-quarter tenders in September 2020 “to improve the efficiency of the transmission of monetary policy.”

MNB does not hold its weekly tenders for currency swaps providing liquidity in forint between September 20 and September 30.

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