MNB: Banking sector liquidity falls in October

Telco

Image by Jessica Fejos

Forint liquidity of Hungaryʼs banking sector fell in October from the previous month, as evidenced by a fall in the overall stock of the central bankʼs sterilization instruments, data released by the National Bank of Hungary (MNB) today reveals.

The data show that end-of -month stock of two-week deposits fell by HUF 954.4 bln to HUF 2.175 trillion, while the stock of three-month deposits rose just HUF 877.8 bln to HUF 1.714 trillion.

The MNB introduced the three-month deposits as its main sterilization instrument on September 23 and is limiting volumes at tenders for the two-week deposits with the aim of reducing their stock to HUF 1 trillion by year-end.

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