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Banking sector forint liquidity grows in February

Banking

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Forint liquidity of Hungary's banking sector rose in February, reflected by an increase in lenders' one-week deposits with the central bank, state news wire MTI reports citing monthly data released by the National Bank of Hungary (MNB).

The average stock of one-week deposits stood at HUF 10.474 trillion in February, up HUF 1.133 trillion from the previous month.

MNB noted that average balances on lenders' reserve accounts exceeded the HUF 352 bln requirement by HUF 11 bln during the month.

The monthly data show average stock of currency in circulation reached HUF 7.896 tln in February, rising HUF 126 bln from a month earlier.

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