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MNB two-week bond fall by HUF 398 bln

Telco

The average stock of two-week National Bank of Hungary (MNB) bonds fell by HUF 398 bln in May, the MNB announced on Thursday.

The MNB said that the decline in the stock of two-week bonds indicates a fall in the banking system's forint liquidity. The MNB noted that the average stock of two-week bonds in the possession of foreign institutions fell by HUF 338 bln in May, while that of domestic institutions fell by HUF 60 bln during the month.

MNB added that the average stock of overnight bank deposits grew by HUF 67 bln in May.

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