NBP to boost interbank market through changing open market rules
March 15, 2013
Poland's central bank NBP will modify rules of access to open market operations and money market dealers system, hoping to encourage banks to wider participation in WIBID/WIBOR rates fixing and boost development of interbank market, NBP said in a press statement.
"The central bank expects that the above-mentioned changes . . . should encourage banks to participating in WIBID/WIBOR rates fixing and also give an impulse to develop the interbank market in Poland," the statement read.
Money market dealers will have the obligation to participate in the WIBOR/WIBID fixing if they want to maintain this status, NBP said.