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Interbank forint-market turnover declines in March

Composite turnover on the interbank forint market was Ft 1,986.9 billion in March, a decrease of Ft 484.6 billion compared to February, according to a Friday press release from the National Bank of Hungary (MNB).

The average overnight lending rate, weighted according to the total amount of transactions, fell by 49 basis points to 5.41%, while that on one-month loans dropped 7 basis points to 5.97%. There were no three-month interbank loans in March.