Hungary's Monetary base falls

MNB

Hungary’s monetary base fell Ft 68.9 billion in November to Ft 2,563.5 billion in line with the trend seen earlier in the year, the National Bank of Hungary (MNB) reported yesterday.

The average monthly stock of currency in circulation rose Ft 22.6 billion to Ft 1,936.8 billion, the monthly average stock of current account deposits was largely unchanged at Ft 618.4 billion, while the average stock of overnight deposits fell Ft 91.5 billion to Ft 8.3 billion, following a big increase in the previous month. The annualized month-on-month growth index of the monetary base stood at 105.4% in November, up 3 percentage points on October.

The stock of outstanding loans to the central government fell Ft 4.8 billion to Ft 83.9 billion and deposits of the sub-sector increased by Ft 20.5 billion to Ft 530.0 billion. The MNB’s net external assets were Ft 31.9 billion lower in Nov than a month before. Receivables from non-residents slipped below Ft 4,500 for the first time since March to Ft 4,499.6 billion, while liabilities fell Ft 4.8 billion to Ft 533.7 billion. (Napi Gazdaság)

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