Press release on the special meeting of the Monetary Council of 16 October 2008

16 October 2008

At its special meeting on 16 October 2008, the Monetary Council reviewed the functioning of the market for forint-denominated government securities and decided to introduce two new lending facilities:

1 A weekly tender for two-week, fixed-rate secured loans, for an unlimited amount.
2 A regular tender for six-month, variable-rate secured loans, for a pre-specified amount.

The Monetary Council will take a decision on the detailed terms and conditions for the new lending facilities at its forthcoming meeting on 20 October 2008.

MAGYAR NEMZETI BANK

Monetary Council

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.

Kapcsolódó hivatkozások