Bids from the eight banks participating at the tender came to EUR 1.131 bln (HUF 351 bln).
The central bank introduced the tenders for the FX swaps last fall as a “fine-tuning instrument” for market liquidity after it put a cap on placements in three-month deposits, its main sterilisation instrument.
The NBH said it continuously observes liquidity trends and stands prepared to hold further tenders for the instruments if it sees “substantial and lasting” deviations.
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