MNB: Banking sector forint liquidity grows in August


Forint liquidity of Hungary's banking sector rose in July from a month earlier, evidenced in an increase in the average stock of lenders' overnight deposits, the National Bank of Hungary said in a report on Friday.

The average stock of O/N deposits rose by HUF 226.5bn to HUF 276.2bn in August from a month earlier.

The statistical balance sheet of the MNB also shows that average deposits of the central government fell by HUF 411.8bn to HUF 1,755.2bn in August. The central bank said the drop reflected the maturing of a HUF 310bn FX bond on July 28 and a HUF 340bn forint bond on August 22.

The MNB noted that its two-week bill, earlier its main sterilisation instrument, had been replaced by the two-week central bank deposit on August 6.


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20


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.