European Central Bank - eurosystem
Għażliet tat-Tfixxija
Paġna ewlenija Midja Spjegazzjonijiet Riċerka u Pubblikazzjonijiet Statistika Politika Monetarja L-€uro Ħlasijiet u Swieq Karrieri
Suġġerimenti
Issortja skont
Mhux disponibbli bil-Malti
  • PRESS RELEASE
  • 23 July 2020

ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity

  • ECB and Magyar Nemzeti Bank set up repo line
  • Repo line to remain in place until June 2021, unless an extension is decided
  • Size of repo line set at €4 billion

The European Central Bank (ECB) and the Magyar Nemzeti Bank (MNB) have agreed to set up a repo line arrangement to provide euro liquidity to Hungarian financial institutions to address possible euro liquidity needs in the presence of market dysfunctions due to the COVID-19 shock.

Under a repo line, the ECB provides euro liquidity to a non-euro area central bank in exchange for adequate euro-denominated collateral.

Under the repo line, the MNB will be able to borrow up to €4 billion from the ECB. The maximum maturity of each drawing will be three months. The repo arrangement will remain in place until the end of June 2021, unless an extension is decided.

For media queries, please contact Eva Taylor, tel.: +49 69 1344 7162.

Notes

Further information is available at https://www.mnb.hu/en
KUNTATT

Bank Ċentrali Ewropew

Direttorat Ġenerali Komunikazzjoni

Ir-riproduzzjoni hija permessa sakemm jissemma s-sors.

Kuntatti għall-midja