Banking Sector Forint Liquidity up in February

Banking

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Forint liquidity of the domestic banking sector rose in February, indicated by an increase in the average stock of central bank bills and lenders' current account deposits, the National Bank of Hungary (MNB) said in a monthly data release on its website on Thursday.

The average stock of MNB bills stood at HUF 4.148 trillion in February, rising by HUF 436 billion from the previous month.

Credit institutions' average current account balances grew by HUF 334 bln to HUF 10.685 tln. The average stock of variable rate deposits of lenders, which were phased out in January, fell by HUF 514 bln to zero.

The monthly average reserve account balance reached HUF 10.838 tln in February, falling from HUF 10.924 tln in the previous month. The reserve requirement was HUF 3.847 tln during the month.

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