Expiring long-term debt cuts Hungary's short-term external debt in Q3

MNB

The expiration of long-term debts was the main factor behind a large drop of Hungary's gross short-term external debt in the third quarter of 2014, the National Bank of Hungary (MNB) said in its fresh quarterly balance of payments report published on Monday.

Gross short-term external debt fell by €2.7 bln in the third quarter to €23.9 bln, to the lowest level recorded since the first quarter of 2008, MNB figures on short-term debt are based on residual maturity and exclude intercompany loans.

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