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.