MNB: Forint liquidity of banking sector grows in December
Forint liquidity of Hungary's banking sector rose in December from a month earlier, reflected in increases in the average stock of overnight and two-week deposits, the National Bank of Hungary (MNB) said in a report today.
The average stock of O/N deposits rose by HUF 141.2 bln to HUF 233.5 bln. The average stock of central bank two-week deposits climbed HUF 153.0 bln to HUF 5.05 trillion.
The average stock of external assets increased by HUF 187.4 bln to HUF 11.017 trillion, mainly due to exchange rate effects but also due to European Union transfers, the MNB said.
The average stock of central government deposits dropped a sharp HUF 494.9 bln to HUF 947.6 bln on redemptions and maturities of government securities as well as repayments of loans, according to the report.
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