MNB: Forint liquidity of banking sector climbs in September

Telco

Forint liquidity of Hungary's banking sector rose in September from a month earlier, evidenced by an increase in the average stock of lenders' overnight deposits and two week central bank deposits, the National Bank of Hungary (MNB) revealed in its regular report today.

The average stock of O/N deposits rose by HUF 33.2 bln to HUF 309.4 bln in September. The average stock of central bank two-week deposits climbed by HUF 1,349.1 bln to HUF 4,956.2 bln.

The MNB noted that its two-week bill, earlier its main sterilization instrument, had been replaced by the two-week central bank deposit on August 6.

The statistical balance sheet of the MNB shows that average deposits of the central government was little changed at HUF 1,747.2 bln in September.

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