MNB: Forint liquidity of banking sector falls in June
Forint liquidity of the Hungarian banking sector dropped in June, as 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.
Stock of two-week deposits, the central bankʼs main sterilization instrument, fell by HUF 607.6 bln to HUF 4.366.3 trillion at the end of June from a month earlier.
Excess reserves came to HUF 3.5 bln in June, which the central bank termed "moderate" compared to the sectorʼs total reserve requirements of HUF 513.3 bln.
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