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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.

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