MNB allotted a combined EUR 5.392 billion of euro liquidity swaps at tenders in December.
The central bank started the practice of holding the end-of-quarter tenders that "strengthen the efficiency of monetary transmission and maintain price stability", as well as ease swap market tension, in September 2020.
The fresh data show the average stock of overnight deposits of credit institutions with MNB, including preferential deposits, fell HUF 701 bln to HUF 1.778 tln in December.
The average stock of lenders' one-week deposits with the central bank were up HUF 106 bln at HUF 7.496 tln.
The average stock of central government deposits fell HUF 722 bln to HUF 2.441 tln.
The average stock of external liabilities rose HUF 1.216 tln to HUF 4.346 tln.
Total liabilities stood at HUF 26.401 tln at the end of December, up HUF 677 bln from a month earlier.
MNB noted that the banking sector's reserve account balances exceeded the HUF 346.3 bln requirement by HUF 14.7 bln.



