The central bank holds end-of-quarter tenders for euro liquidity swaps "to improve the effectiveness of monetary policy transmission". It allotted EUR 5.275 billion of the swaps at the end of Q3, with maturity dates of October 1 and 7.
MNB said the sector's higher liquidity in October was reflected by an increase in banks' average stock of overnight deposits with the central bank.
The average stock of O/N deposits, including preferential deposits, stood at HUF 2.624 tln in October, HUF 394 bln over the average in the previous month.
MNB said the average balance on lenders' reserve accounts was HUF 15 bln over their HUF 328 bln reserve requirement in October.
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