Are you sure?

Growth of monetary base rises to 12.8% in January

The monetary base (M0) rose by an annualized month-on-month rate of 12.8% in January, 4.1 percentage points more than in December, according to preliminary figures published by the National Bank of Hungary (MNB) on Monday. The monetary base rose Ft 3.6 billion in January to Ft 2,243.4 billion. Of M0 components, the monthly average stock of current account deposits at monetary financial institutions rose Ft 22.4 billion to Ft 556.8 billion, and the stock of their overnight deposits fell Ft 13.1 billion to Ft 7.5 billion. The average stock of currency in circulation fell Ft 5.6 billion from December to Ft 1,679.1 billion in January.