April 23, 2020 / 9:58 AM / a month ago

Hungary cbank announces one-week deposit tender at 0.9% interest rate

BUDAPEST, April 23 (Reuters) - Hungary’s central bank announced its one-week deposit tender at a 0.9% fixed interest rate on Thursday, unchanged from last week’s tender.

The National Bank of Hungary announced the new one-week deposit facility for banks earlier this month, in order to manage liquidity conditions.

It accepted 700 billion forints ($2.11 billion) worth of bids at last week’s tender. ($1 = 331.76 forints) (Reporting by Gergely Szakacs)

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