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