Skip to main content

New monetary policy tools in Hungary introduced to wean country off external debt

Hungarian central bank looks to incentivise lenders to invest in government bonds

national-bank-of-hungary2

The Central Bank of Hungary said yesterday it will overhaul its monetary policy framework in a bid to increase bank pruchases of forint-denominated sovereign bonds - a move that appears to be part of a larger government strategy to reduce Hungary's dependency on funds denominated in foreign currency.

The central bank said it would replace two-week repo ‘bills', its "main policy instrument" for setting short-term interest rates, with a deposit facility on August 1. Unlike the current two-week

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.