The MNB announces a unique FX swap tender

The Magyar Nemzeti Bank (MNB) in addition to its regularly announced overnight and three-month FX swap instruments, in order to maintain the adequate liquidity of the market, provides the banking system with foreign currency on a unique FX swap tender.

The MNB announces a variable rate euro/forint FX swap instrument at 3 pm on 22 December 2014. The date of settlement is 23 December 2014 and the maturity date is 7 January 2015. The call for tenders will contain the indicative amount and the minimum euro yield level (maximum swap points) announced, which will be published at 12 am on 22 December 2014 on the following website:

FX swap tenders

Magyar Nemzeti Bank

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.