Schedule of open market operations to be carried out by Narodowy Bank Polski in April 2020
Narodowy Bank Polski is planning to carry out the following types of open market operations in April:
- Main operations, in the form of the issuance of NBP bills, settlement at T+0, will be carried out on 3, 9, 17, 24 and 30 April 2020.
- Structural operations, in the form of outright buy transactions, will be carried out on 16 April 2020 (and settled on 20 April 2020) and on 29 April 2020 (and settled on 4 May 2020).
- Liquidity providing fine-tuning repo operations will be carried out, should NBP judge that conditions in the interbank market require the use of this monetary policy instrument. The settlement date of this type of operation will be adjusted to the prevailing market conditions.
List of collateral for fine-tuning repo operations is available on the NBP website, in the section “Lombard facility & repo”:
Fine-tuning and structural operations will be carried out with the banks that have access to the main operations.
NBP may amend the above schedule.
By the end of April 2020, NBP will publish the schedule of the open market operations to be offered in May 2020.