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Business & Finance

Hungary central bank says will not buy government bonds from banks this week

  • The bank launched the bond purchases in early May as part of efforts to shore up the economy hit by the coronavirus pandemic.
Published July 21, 2020
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BUDAPEST: Hungary's central bank will buy government bonds from local banks this week, it said on Tuesday,.

The bank launched the bond purchases in early May as part of efforts to shore up the economy hit by the coronavirus pandemic.

However, it suspended the tenders last month.

Recently the bank said it considered the programme a safety net, to be used only to the extent necessary.

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Hungary central bank says will not buy government bonds from banks this week

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