The release shows the average monthly stock of O/N deposits with the central bank, including preferential deposits, rose HUF 292 billion to HUF 1,521 trillion in December. Excluding the preferential deposits, O/N deposit stock averaged just HUF 88 bln.

The average stock of one-week deposits climbed HUF 766 bln to HUF 3.413 tln.

MNB noted that the banking sector's reserve account balances exceeded the HUF 280 bln requirement by HUF 41 bln.