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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.
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  • 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.