Banking Sector Forint Liquidity Rose in July
Image by Jessica Fejos
Forint liquidity of Hungary's banking sector grew in July, reflected by rises in the average stocks of overnight and one-week deposits with the National Bank of Hungary (MNB), according to data released by the central bank Friday.
Average stock of O/N deposits rose by HUF 169 billion to HUF 893 bln during the month.
Average one-week deposit stock increased by HUF 115 bln to HUF 8.721 trillion.
The MNB said that average balances on lenders' reserve accounts exceeded the HUF 382 bln requirement by HUF 18 bln during the month.
The data show average stock of currency in circulation reached HUF 8.365 tln in July, edging up HUF 20 bln from a month earlier.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.