mnb statement, 2009-11-23
Shortly after the onset of the financial market turbulence in the autumn of 2008, the MNB reduced the width of the interest rate corridor, in order to avoid (i) significant losses potentially caused by increased difficulty for credit institutions in managing liquidity in a more adverse financial market environment and (ii) an increase in the volatility of short-term interbank rates stemming from market uncertainty.
Sentiment: neutral
Topic: mp_interest_rate