Banking Sector Forint Liquidity Rose in July

MNB

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.

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