MNB to broaden the range of eligible counterparties in six-month, variable-rate collateralised loan tenders

28 January 2009

From 2 February 2009, the MNB will broaden the range of counterparties eligible to participate in its six-month, variable-rate collateralised loan tenders, in order to make it identical to the range of counterparties for O/N collateralised loan facility. All other terms of the six-month, variable-rate collateralised loan facility will remain unchanged.

In the future, the MNB will maintain its liquidity-enhancing measures for as long as necessary to support domestic banks’ liquidity management.

MAGYAR NEMZETI BANK

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.