National Bank buys HUF 60 bln in QE securities
Image by Jessica Fejos
The National Bank of Hungary (MNB) bought HUF 60 billion of securities under its quantitative easing program in the week ending May 9, down from HUF 67.3 bln in the previous week, but level with the purchase volume nearly every week since early February, according to data published on the central bank's website.
The latest weekly QE data show the central bank bought HUF 26 bln of government securities at auction and HUF 34 bln outside auctions.
The bonds included HUF 39 bln of government securities with terms under 10 years.
The total purchases made under the QE program reached HUF 2.099 trillion on May 9, including HUF 2.038 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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