MNB: Forint liquidity of banking sector falls in July

Telco

The forint liquidity of the Hungarian banking sector dropped in July, as was reflected in a decline in the average stock of creditorsʼ two-week deposits, the National Bank of Hungary (MNB) said in a monthly report today, according to Hungarian news agency MTI.

Average monthly stock of two-week deposits, the central bankʼs main sterilization instrument, fell by HUF 445.2 bln to HUF 4.573 trillion.

Excess reserves came to HUF 5.3 bln in July, which the central bank termed "moderate" compared to the sectorʼs total reserve requirements of HUF 551.5 bln.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.