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MNB buys HUF 57 bln in QE securities

MNB

Photo by Andocs / Shutterstock.com

The National Bank of Hungary (MNB) bought HUF 57 billion of securities under its quantitative easing program in the week that ended on June 6, a fraction under the HUF 57.2 bln of the previous week, according to data published on the central bank's website.

Weekly purchase volume has been around HUF 60 bln nearly every week since early February. The latest weekly QE data shows the MNB bought HUF 33 bln of government securities at auctions and HUF 24 bln outside auctions.

The bonds included HUF 28 bln of government securities with terms under 10 years.

The total purchases made in the framework of the QE program reached HUF 2.342 trillion on June 6, including HUF 2.281 tln of government securities and HUF 60.6 bln of bonds from other issuers with government guarantees, such as the Hungarian Development Bank (MFB) and Magyar Eximbank.

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