Free Trial

NBH Extends Euro Liquidity Providing Repo Line with the ECB

HUNGARY
  • The National Bank of Hungary announced in a statement posted on its website that it is extending until the end of January 2025 a repo line agreement that was set up in July 2020 to provide euro liquidity for Hungarian financial institutions in order to address potential foreign exchange liquidity needs during market turbulences resulting from the coronavirus pandemic.
  • "The agreement supports the central bank to provide euro liquidity to Hungarian financial institutions if needed, thereby strengthening monetary transmission and financial stability," the statement reads.
  • "Under the extended agreement between the MNB and the ECB, the central bank will be able to borrow up to 4 billion euros."

To read the full story

Close

Why MNI

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.