MNB to offer HUF 150 bln of 3-month deposits at first capped tender

MNB

Photo by Jessica Fejos

The National Bank of Hungary (MNB) will offer banks up to HUF 150 bln of three-month deposits at a first capped tender tomorrow, data published on the central bankʼs website show, according to Hungarian news agency MTI.

The tender is the first at which the MNB is capping the offer of its main liquidity sterilization instrument. 

The cap is one of several measures the MNB has taken to move banksʼ liquidity out of central bank instruments and into government securities or the lending market. Earlier, it reduced the frequency of the three-month deposit tenders from once a week to once a month. 

Total placements in three-month deposits have been limited to HUF 900 bln for the fourth quarter.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

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.