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HomeBankingHungary's Central Bank Makes...

Hungary’s Central Bank Makes Adjustments to Required Reserve System

By Pete Sadler
Photo by Pixabay: https://www.pexels.com/photo/glass-building-162539/

Hungary’s central bank has decided to make changes to commercial banks’ required reserve system, shifting to a monthly average calculation basis from daily balance sheet items subject to reserve requirements, it said on Friday.

“From 1 July 2023 onwards, an additional way to comply with reserve requirements becomes available in the form of the term deposit instrument with at least 14-day original maturity,” it said, adding that it will continue to hold long-term deposit tenders on a regular basis.

Read more : Hungary’s Central Bank Makes Adjustments to Required Reserve System

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