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MNB FX swap stock little changed after tender

MNB

MNB headquarters

The outstanding stock of the National Bank of Hungary's (MNB) FX swaps, which the central bank uses to pump liquidity into the banking sector, will remain little changed, at slightly over HUF 1.458 trillion, after a tender on Monday, according to a report by state news wire MTI.

MNB allotted HUF 69.4 billion of 12-month swaps on Monday, a fraction less than the HUF 69.9 bln of twelve-month swaps maturing on April 21, the value date of the tender.

After payments and redemptions, the FX swap stock will comprise approximately HUF 1.417 trillion of 12-month swaps and HUF 41.2 bln of six-month swaps.

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