Budapest, 3 October 2022. Based on the previous decisions of the Monetary Council, the MNB's liquidity-absorbing measures will start in October. The variable rate long-term liquidity-absorbing deposit tender will be held on 5 October, Wednesday, the first weekly discount bill auction will be held on 6 October, Thursday.
Following the previous decisions of the Monetary Council, the MNB's liquidity-absorbing measures will begin in October, including the regular discount bill auctions and the variable-rate liquidity-absorbing deposit tenders from October. The most important data related to the first tenders are the following:
The first long-term liquidity-absorbing deposit tender will be held on 5 October, between 1:00 p.m. and 1:30 p.m., Wednesday. The parameters of the tender will be available at 10:00 a.m., the results will be announced at 3:00 p.m. On 5 October, the central bank will announce the liquidity-absorbing deposit tender with two-month maturity. MNB may decide to hold non-competitive sections as well, which is planned to be announced at 3 p.m. on Bank’s and news agencies’ websites. In the non-competitive section, bids can be submitted between 3:15-3:30 p.m., the results will be published at 4:00 p.m.
The first regular discount bill auction will be held on the 6 October, Thursday, between 9:00-9:30 a.m. with the announcement of the results at 11:00 a.m. The parameters will be published on 5 October, Wednesday, at 9:00 a.m.
The central bank's new deposit-side instruments are to tighten monetary conditions by reducing liquidity, thereby supporting the achievement and maintenance of price stability. The Notice for the long term liquidity-absorbing deposit is available here, while the information sheet for the discount bill is available here.