MNB: Forint liquidity of banking sector grows in January

Telco

The National Bank of Hungary (MNB) today said that the forint liquidity of the country’s banking sector increased in January as compared to the previous month; this was reflected in the growth of the average stock of two-week deposits, the central bank’s report reveals.

According to the report, the average stock of two-week deposits, the central bank's main sterilization instrument, rose by HUF 257.5 bln to HUF 5.307 trillion. The average stock of external assets grew by HUF 940.9 bln to HUF 11.9 trillion due to revaluations caused by changes in the exchange rate as well as EU transfers received and other transactions, the central bank added.

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