Including the previous tenders and upcoming expiries, the MNB has injected HUF 350 bln liquidity into the system through the new facility.
The offered amount for the EUR/HUF FX-swap tender was EUR 650 million (HUF 201 bln), with the maturity of the swaps at one month.
Banksʼ bids totaled EUR 1.36 bln (HUF 420 bln), of which the MNB accepted bids worth HUF 150 bln or EUR 485 million.
Eight banks participated at yesterday’s swap tender.
The central bank announced in late September that, related to the volume limit it set for its main liquidity management instrument, the three-month deposit starting October, it will operate, on a case-by-case basis, fine-tuning instruments – FX swap tenders reducing and increasing forint liquidity – to tackle considerable and persistent liquidity shocks.
The MNB said it will continue to watch the markets closely and will hold fine-tuning tenders if necessary.
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