Budapest, 31 March 2021. In today's FX swap tender providing euro liquidity, the Magyar Nemzeti Bank (MNB) accepted all bids in the amount of EUR 767 million (HUF 279 billion) with a maturity of 1 April 2021. In its four tenders providing euro liquidity at the end of the first quarter of 2021, the central bank provided a total of EUR 1,982 million to the domestic banking system against forint liquidity.
In accordance with the decision of the Monetary Council of 8 September 2020, the Magyar Nemzeti Bank held an FX swap tender providing euro liquidity. Four banks participated in the variable rate tender. Banks placed bids worth of EUR 767 million, all of which were accepted by the MNB. Thus, in its four tenders providing euro liquidity at the end of the first quarter of 2021, the central bank provided a total of EUR 1,982 million to the domestic banking system against forint liquidity.
In response to the swap market developments at the end of the quarter, the MNB have not held forint liquidity-providing swap tenders until the end of March. The next forint liquidity swap tender takes place on 6 April 2021, with a value date of 7 April 2021.