Announcement about the standard compensation policy of the Central Bank of Hungary (Magyar Nemzeti Bank) concerning interest claim

Dear Partners,

Hereby We inform you that our standard compensation policy will change from 1st January 2014. In pursuance of this policy, for payments of interest claims following late settlement by Central Bank of Hungary (Magyar Nemzeti Bank) of cash amounts for FX, MM and securities deals the value of the interest claim must greater than EUR 500 or equivalent in different currency. Central Bank of Hungary do not pay claims below this threshold.

Central Bank of Hungary

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.