The MNB holds a unique FX swap tender at the end of the year

The Magyar Nemzeti Bank (MNB) in addition to its regularly announced overnight and three-month FX swap instruments, in line with the practice of previous years, in order to maintain the adequate liquidity of the market, provides the banking system with foreign currency on a unique FX swap tender.

The MNB holds a variable rate 1-week euro/forint FX swap tender between 10:30 am and 11 am on 29 December 2015. The date of settlement is 30 December 2015 and the maturity date is 6 January 2016.

The call for tenders will contain the indicative amount and the minimum euro yield level (maximum swap points) announced, which will be published at 10 am on 29 December 2015 on the following website:

FX swap tenders.

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.