Q1 Household Assets up to HUF 86.56 tln
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The stock of financial assets of domestic households rose to a new high of HUF 86.56 trillion by the end of the first quarter, an increase of 8.7% on an annual basis, according to preliminary data published by the National Bank of Hungary (MNB) on its website.
According to the central bank's statistics, however, the pace of expansion has slowed slightly compared to previous years.
This dynamic cannot be considered very strong in the current inflationary environment.
What is noteworthy, however, is that partly due to stubbornly low deposit interest rates and partly due to high inflation, households have apparently started to reorganize their financial portfolios and have started to shift from "resting" assets, such as cash and current account deposits, to more "active" securities investments.
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