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Forint Liquidity of Banking Sector Decreases in September

Banking

Forint liquidity of the Hungarian banking sector declined in September, reflected in a drop in the average stock of lenders' overnight deposits with the central bank that outpaced an increase in variable-rate deposits, the National Bank of Hungary (MNB) said on Friday, according to a report by state news wire MTI.

Monthly data published by MNB show average stock of O/N deposits offered by the central bank at daily quick tenders stood at HUF 7.77 trillion in September, down HUF 147 bln from August.

The average stock of banks' variable-rate deposits rose by HUF 73 bln to HUF 956 bln.

Balances on banks' reserve accounts were close to HUF 4.41 tln in September, HUF 62 bln higher than the requirement.

The average stock of currency in circulation was little changed at HUF 8.022 tln.

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