Hungary central bank offers 5-year and 10-year interest rate swaps to banks

The bank offered 10 billion forints of 5-year interest rate swaps at a fixed rate of 0.46 percent, and 40 billion forints worth of 10-year IRS at 1.17 percent. Results will be announced at 1230 GMT.

The swaps are part of the bank's monetary policy tools announced late last year.