Q1 Household Assets up to HUF 86.56 tln
Image by Shutterstock.com
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.
ADVERTISEMENT
Investment Fund Managers Press for Changes to New Rules
Parl't Approves Amendments to Legislation on Judiciary
Industrial Production Declines in April
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
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.
