The Monetary Council will launch the FGS fix with a total amount of HUF 1,000 billion in 1st January 2019. With the new programme, the Council’s specific objective is to raise the proportion of long-term, fixed-rate lending to SMEs to an adequate level. In contrast with previous phases, the Bank will sterilise excess liquidity supply arising from lending under the FGS fix by using the preferential deposit facility.