MNB extends EUR 4 bln ECB repo line 

MNB

Photo by EQRoy / Shutterstock.com

The National Bank of Hungary (MNB) said the maturity of a EUR 4 bln repo line it has with the European Central Bank (ECB) was extended until mid-January 2023, according to a report by state news wire MTI.

The repo agreement was reached in July 2020 and was to have originally matured in June 2021.

The ECB decided on March 10 to modify the maturity of repo facilities that provide euro liquidity with participating partner central banks to mid-January 2023, MNB noted.

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