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MNB: Forint liquidity of banking sector fell in August

Telco

Image by Jessica Fejos

The forint liquidity of Hungaryʼs banking sector fell in August from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, Hungarian news agency MTI reported today citing a report by the National Bank of Hungary (MNB).

The average stock of two-week deposits, currently the central bankʼs main sterilization instrument, decreased by HUF 41.3 bln to HUF 4.538 trillion, the report based on preliminary data shows, according to MTI.

The average stock of external assets fell by HUF 197.3 bln to HUF 10.964 trillion. The stock of external assets stood at HUF 10.893 trillion at the end of August, down from HUF 11.053 trillion at the start of the month, the MTI report added.

Transactions decreased the stock of external assets by HUF 308.7 bln but revaluations and other factors increased it by HUF 148.8 bln.

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