MNB also noted the effect of issues of central bank discount bills on June 9 and 23 on the banking system's forint liquidity.
The combined effect of the factors was reflected in a decline in the average stock of one-week MNB deposits which fell by HUF 1.353 trillion to HUF 8.606 tln.
MNB said that average balances on lenders' reserve accounts exceeded the HUF 381 bln requirement by HUF 13 bln during the month.
The data show average stock of currency in circulation reached HUF 8.345 tln in June, edging up HUF 45 bln from a month earlier.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
