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Central Bank to Renew Long-Deposit Facility

HUNGARY
  • HUNGARY CENTRAL BANK SAYS LONG-DEPOSIT FACILITY MATURES JAN. 26 (BBG)
  • HUNGARY CENTRAL BANK SAYS WILL RENEW LONG-DEPOSIT FACILITY (BBG)

These headlines are largely as expected, and marks a renewal of the last two-month deposit tender last carried out on on November 30th. This tool is part of the non-policy rate toolkit used to drain liquidity since the emergency policy action taken in October last year.

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