The tender will raise the total stock by HUF 90 bln to HUF 1,810 bln as HUF 10 bln of one-month swaps will expire on the value date of the tender, state news agency MTI reported.
The total stock of outlays thus includes from today HUF 119 bln of one-month, HUF 100 bln of three-month, HUF 50 bln of six-month, and HUF 1,541 bln of twelve-month swaps.
On Monday the offered amount for the one-month EUR/HUF FX swap tender was EUR 158 mln, or HUF 49.79 bln. Banksʼ bids totaled EUR 572 mln, or HUF 180.27 bln, of which the MNB accepted the offered HUF 49.79 bln.
For the three-month tender the offered amount was likewise HUF 49.79 bln. Bids came in at HUF 228.48 bln and the MNB again accepted the offered HUF 49.79 bln amount.
Six banks participated at the one-month tender and four banks at the three-month tender.
The central bank introduced the tenders for the FX swaps in the fall of 2016 as an instrument for managing market liquidity after it put a cap on placements in three-month deposits, its main sterilization instrument.
