MNB buys HUF 69 bln under QE program

MNB

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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.

 

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