Hungary central bank to offer fx swaps to help year-end euro liquidity
The National Bank of Hungary (MNB) said Friday it will offer euro liquidity to banks through a tender of floating-rate one-week fx swaps on December 27 in a one-off move.
The move is aimed at helping banks to manage their foreign exchange liquidity at the end of the year.
The tender will be held between 12:30 and 13:00 on Tuesday with settlement on December 28 and expiry on January 4.
The MNB will announce the volume on offer and the minimum euro interest rate (the maximum swap points) at 10am on Tuesday.
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