Banking Sector Forint Liquidity Increases in August

Banking

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Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week deposits with the National Bank of Hungary (MNB), state news wire MTI reports, citing data released by the central bank on Wednesday.

The average stock of O/N deposits rose by HUF 164 billion to HUF 1.057 trillion during the month. The average one-week deposit stock increased by HUF 601 bln to HUF 9.322 tln.

MNB said that average balances on lenders' reserve accounts exceeded the HUF 372 bln requirement by HUF 19 bln during the month.

The data show average stock of currency in circulation reached HUF 8.364 tln in August, practically level with the previous month.

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