MNB buys HUF 69 bln under QE program

MNB

Photo by Adriana Iacob/Shutterstock.com

The National Bank of Hungary (MNB) bought HUF 69 billion of securities under its quantitative easing program in the week ended May 16, up from HUF 60 bln in the previous week, according to data published on the central bank's website.

The weekly purchase volume has been around HUF 60 bln nearly every week since early February.

The latest weekly QE data shows the central bank bought HUF 23 bln of government securities at auction and HUF 46 bln outside such sales. The bonds included HUF 40 bln of government securities with terms of less than 10 years.

The total purchases made in the framework of the QE program reached HUF 2.168 tln on May 16, including HUF 2.107 tln of government securities and HUF 60.6 bln of bonds from other issuers with government guarantees, such as the Hungarian Development Bank (MFB) and Magyar Eximbank.

 

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.