Free Trial

Central Bank Offers 17.98% on 1-Month Deposits

Full HUF deposit tender details - one-month deposit - maturity date 24/02/2023:
  • Total bids: HUF 2.51trl
  • Accepted bids: HUF 2.46trl

HUF 2.46trl accepted bids for the HUF one-month tender is a step up from the HUF 2.1trl 2-month operation back in November last year. Perhaps most notably the average rate is 17.98% - i.e. broadly inline with the 18% base rate (compares to 17.95% back in November) - pushing back against any outside expectations that the bank could accept a lower rate at today's op as a precursor to potential easing. Non-competetice bids are yet to be finalised as the operation settlement date is tomorrow.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.