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MNB Reveals End-Quarter FX Swap Tenders, Discount Bill Auction Dates

MNB

Photo by Jessica Fejos

The National Bank of Hungary (MNB) on Wednesday announced dates for end-of-quarter FX swap tenders providing euro liquidity and short-term discount bill auctions, according to a report by state news wire MTI.

The end-of-quarter swap tenders will be held in addition to the central bank's regular, daily T/N FX swap tenders providing euro liquidity.

The additional FX swap tenders will take place on September 20 and 30.

The short-term discount bill auctions will be held on September 20 and 28

The central bank started the practice of holding the end-of-quarter FX swap tenders in September 2020 to improve the effectiveness of monetary policy transmission. NBH policy makers decided to add short-term discount bills to the policy toolkit on a discretionary basis late in 2021.

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