Schedule of open market operations to be conducted by Narodowy Bank Polski in August 2020
Bearing in mind the objectives set out by Monetary Policy Council, Narodowy Bank Polski is planning to carry out in June 2020 the following types of open market operations:
- Main operations in the form of the issue of 7-day NBP bills, settled at T+0, will be carried out on 7, 14, 21, and 28 August 2020.
- A structural operation in the form of an outright buy transaction will be carried out on 19 August 2020 with settlement on 21 August (i.e. at T+2).
At auctions, NBP will accept bids at prices quoted by the auction participants. NBP reserves the right to reject some or all the offers submitted by the banks.
- 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 maturity of this instrument will be adjusted to the prevailing market conditions.
The list of collateral for fine-tuning repo operations is available on the NBP website at Lombard facility & repo.
Fine-tuning and structural operations will be carried out with the banks that have access to main operations.
In justified cases, resulting from the assessment of the current market situation, NBP may amend the above schedule.
By the end of August 2020, NBP will publish the schedule of open market operations to be conducted in September 2020.