Covered bonds were a major source of funds for banks in the euro area before the intensification of  BIS Review 87/2009  11  the financial crisis last autumn, when the covered bonds market virtually shut down.
Third, the NBU continues to liberalize the FX market. The e-limit on households’ investment abroad will be increased by two times – to EUR 100,000 per year. The Board approved all of the three decisions today at the monetary policy meeting. More information about these decisions will be made public today on the central bank’s website.