Credit institutions’ average current account balances fell by HUF 350 bln to HUF 9.272 trillion, while the average stock of MNB bills rose by HUF 264 bln to HUF 4.551 tln.
The monthly average balance of reserve accounts — the central bank’s main instrument for sterilizing liquidity — reached HUF 9.432 tln in July, falling from HUF 9,766bn in the previous month.
The reserve requirement was HUF 4.023 tln during the month.
The average stock of currency in circulation stood at HUF 8.576 tln in July, rising HUF 59 bln from the previous month.