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Hungary central bank: new discount bill will be available to non-resident investors

Published 31/08/2022, 15:09
Updated 31/08/2022, 15:10
© Reuters. FILE PHOTO: 20,000 Forint notes are seen in this illustration picture in Budapest February 6, 2014. REUTERS/Bernadett Szabo

BUDAPEST (Reuters) - The Hungarian central bank's new discount bills will also be available to non-resident investors on the secondary market, the National Bank of Hungary said on Wednesday in an emailed reply to Reuters questions.

© Reuters. FILE PHOTO: 20,000 Forint notes are seen in this illustration picture in Budapest February 6, 2014. REUTERS/Bernadett Szabo

"The details of the new tools are still being worked on but we can confirm that the new discount bill will be available to non-resident investors on the secondary market," the bank said.

The NBH raised its base rate HUINT=ECI by 100 basis points to 11.75% on Tuesday and also announced new steps to tighten forint liquidity in the interbank market, including central bank discount bill auctions.

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