The requirements will be based on March 31 balance sheets for a transitional period starting in July, the central bank and financial market regulator said.
MNBs Monetary Council also decided to allow banks to meet up to 15% of their reserve requirements with term deposit instruments with maturities of at least 14 days from July 1.
The central bank held a series of consultations with the Hungarian Banking Association concerning experience with the mandatory reserve system and technical changes.
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