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MNB accepts HUF 400 bln 3M deposits, below pre-set cap

Telco

The National Bank of Hungary (MNB) accepted HUF 400 billion placements in its three-month deposits for banks at a tender today, HUF 50 bln less than the announced limit, Hungarian news agency MTI reported.

The tender reduced the three-month deposit stock to HUF 937 bln, down from HUF 1.174 trillion. 

Banks bid to place HUF 696 bln in the facility, the central bankʼs main liquidity sterilization instrument, slightly more than the HUF 637 bln in expiring three-month deposits.

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