Hungarian central bank raises liquidity in banking system

BUDAPEST: Hungary's central bank (NBH) increased the surplus liquidity it provides to the banking system to 1.456 trillion forints ($5.51 billion) at Monday's foreign currency swap tenders, from 1.405 trillion forints, it said in a statement.

The NBH accepted bids worth 319 million euros ($377.76 million) for its 12-month swap facility, which provides forint liquidity in return for euros, it said on its page.

Banks submitted bids worth 375 million euros for the 12-month facility. For the one-month and three-month swap maturities, which drew hardly any demand, the NBH did not accept any bids.