MNB: Banking sector liquidity falls in October
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.