Free Trial

NBH State Tightening Continues with Liquidity Draining Op

HUNGARY
  • The National Bank of Hungary state that tightening continues with their new liquidity draining measures, with Wednesday's tender marking the start of a meaningful tightening of liquidity. They add that their reserve requirement is to rise to near HUF 2.7trl from HUF 400bln.
  • Following the debut of their new liquidity draining tool today, which saw the NBH accept HUF 2.1trl in bids for the long-term tender.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.