April 23, 2020 / 1:07 PM / a month ago

Hungary cbank accepts $2.1 bln worth of bids at 1-week deposit tender

BUDAPEST, April 23 (Reuters) - Hungary’s central bank accepted 694.4 billion forints ($2.1 billion) worth of funds from banks at its 1-week deposit tender at a rate of 0.9% , the bank said on Thursday.

The National Bank of Hungary can raise the 0.9% rate on its new one-week deposit tool if market conditions justify it, the bank’s deputy governor said earlier in April, adding that the one-week deposit rate will be the strongest interest rate in the future.

The bank holds the deposit tender every Thursday. ($1 = 331.0100 forints) (Reporting by Marton Dunai)

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