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Business & Finance

Hungary central bank says will not buy any govt bonds this week

  • The bank launched the tenders as part of efforts to shore up the economy hit by the coronavirus pandemic.
Published June 2, 2020 Updated June 2, 2020 06:03pm
By

BUDAPEST: Hungary's central bank will not buy any government bonds from local banks this week, it said on Tuesday, scrapping its weekly tender for the first time since launching the purchases last month.

The bank launched the tenders as part of efforts to shore up the economy hit by the coronavirus pandemic.

The bank had bought 139 billion forints ($446.60 million) worth of government bonds from local banks since it started the programme at the beginning of May.

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