Broad money M3 growth decelerates in October

Analysis

The annualized month-on-month growth of M3 decelerated from 112.8% in September to 108.2% in October, the National Bank of Hungary (NBH) on Wednesday.

There was only a slight change in the annualized month-on-month growth index of monetary aggregates M2 and M3, steadily fluctuating between 108% and 113% since May. Growth index for M2 dropped from 110.3% to 108.9%. The annualized month-on-month growth index of the narrower monetary aggregate M1 decreased from 107.1% to 104.6% last month due to a Ft 70.3 billion drop in the demand and current account deposits of the local governments. The annualized month-on-month growth index of the monetary base (M0) was 124.8% in October. The monetary base increased by Ft 97 billion from September to Ft 2,632.3 billion. (Mti-Eco)

ADVERTISEMENT

MVM Renewables Unit Inaugurates HUF 11.5 bln Solar Park Green Energy

MVM Renewables Unit Inaugurates HUF 11.5 bln Solar Park

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Penny Market Inaugurates HUF 7 bln Expansion Retail

Penny Market Inaugurates HUF 7 bln Expansion

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season

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.