National Bank buys HUF 60 bln in QE securities

MNB

Image by Jessica Fejos

The National Bank of Hungary (MNB) bought HUF 60 billion of securities under its quantitative easing program in the week ending May 9, down from HUF 67.3 bln in the previous week, but level with the purchase volume nearly every week since early February, according to data published on the central bank's website.

The latest weekly QE data show the central bank bought HUF 26 bln of government securities at auction and HUF 34 bln outside auctions.

The bonds included HUF 39 bln of government securities with terms under 10 years.

The total purchases made under the QE program reached HUF 2.099 trillion on May 9, including HUF 2.038 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.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C... Government

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C...

Wizz Air Using VR for Pilot Training Innovation

Wizz Air Using VR for Pilot Training

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.