| NBP’s information on repo transactions and FX swaps
Date: 15-12-2011 As a result of persistently good liquidity situation of domestic banks and given the fact that the banking sector in not interested in being provided with liquidity in PLN at the turn of 2011, the National Bank of Poland would like to announce that it does not intend to conduct any additional fine tuning repo operations in December 2011. At the same time, the National Bank of Poland declares its readiness to conduct such an operation in case there is a significant demand for it. In the present situation there are no grounds for the National Bank of Poland to offer FX swaps enabling banks to obtain liquidity in foreign currency from the central bank. The National Bank of Poland, acting as a lender of last resort, is ready to provide FX swaps in the case of tensions in the financial markets. |