Forint Liquidity of Banking Sector Increases in August
Forint liquidity of the Hungarian banking sector expanded in August, mainly reflected in an increase of average stock of lenders' overnight and variable-rate deposits with the central bank, the National Bank of Hungary (MNB) said on Thursday, according to a report by state news wire MTI.
Monthly data published by MNB show average stock of O/N deposits offered by the central bank at daily quick tenders stood at HUF 7.917 trillion in August, up HUF 334 bln from July.
The average stock of banks' variable-rate deposits rose by HUF 110 bln to HUF 883 bln.
Balances on banks' reserve accounts reached HUF 4.388 tln in August, HUF 41 bln higher than the requirement.
The average stock of currency in circulation was little changed at HUF 8.013 tln.
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