Business & Finance

Hungary's central bank accepts HUF 400bn in 3-month deposits, as expected

BUDAPEST: The Hungarian central bank accepted 3-month deposits worth 400 billion forints ($1.

Published December 21, 2016 Updated December 21, 2016 12:36pm

1 min

By Parvez Jabri

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BUDAPEST: The Hungarian central bank accepted 3-month deposits worth 400 billion forints ($1.34 billion) on Wednesday at its last tender this year, it announced on its Reuters page.

The central bank's 3-month deposits now hold 900 billion forints. The bank has set a limit of 900 billion forints for the stock of deposits by the end of the year.

On Tuesday, it announced that it would cap the amount in the 3-month deposits at 750 billion forints by the end of March.

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