EFTA Document EFTA01379406

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach ▪ The National Bank of Hungary regulates exchange rate policy. and is also responsible for implementing monetary policy (http://www.mnb.hu). • The principal policy rate is the rate on the three-month NBH deposit (base rate). The NBH deposit is available through a fixed rate tender for the counterparties, with the rate set as the policy rate. From the tender held on 26 October 2016, acces