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

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.

“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.

(Reporting by Krisztina Than)

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