Forint Liquidity of Banking Sector Grows in July
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Forint liquidity of the Hungarian banking sector expanded in July, mainly reflected in an increase of the average stock of lender's overnight deposits with the central bank and floating-rate deposits, the National Bank of Hungary (MNB) said on Monday, 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 7.583 trillion in July, up HUF 363 bln from June.
The average stock of banks' variable-rate deposits at MNB rose by HUF 263 bln to HUF 773 bln.
Balances on banks' reserve accounts reached HUF 4.348 trillion in July, some HUF 45 bln higher than the requirement.
The average stock of currency in circulation edged down HUF 20 bln to HUF 8.011 tln.
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