August 16, 2023 13:21 GMT
NBH Raise Euro FX Swap Tender Amounts
The NBH will increase the amount announced in currency swap tenders providing euro liquidity, they have announced on their website:
- "To this end, the NBH will raise from EUR5b to EUR6b the amount announced in currency swap tenders providing euro liquidity, which it provides to banks in the framework of daily one-day transactions. In addition, the central bank continues to strengthen the effectiveness of monetary transmission with regular discount bond auctions, in order to ensure that the interest conditions determined by the Monetary Council apply to a wide range of financial markets."
- The previous tender had been used on a handful of occasions - as recently as end-June, but generally in small allotments. Worth noting that on April 27 EUR4.2b was allotted - pushing toward the top-end of the previous ceiling.