Banking sector liquidity increases in May

Banking

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Forint liquidity of Hungary's banking sector rose in May, reflected mainly by an increase in the average stock of lenders' one-week deposits with the central bank, the National Bank of Hungary (MNB) said in a monthly report on Wednesday, according to a report by state news wire MTI.

The average stock of one-week deposits rose by HUF 390 bln to HUF 9.959 trillion during the month.

MNB noted that average balances on lenders' reserve accounts exceeded the HUF 366 bln requirement by HUF 12 bln during the month.

The data show average stock of currency in circulation reached HUF 8.3 tln in May, edging down HUF 25 bln from a month earlier.

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