Hungarian cash stock is significant

Hungarian cash stock is about 5,700 billion HUF. From a part of it, the population’s securities and equity purchases could be increased – Nagy Márton, the vice president of the Hungarian National Bank (MNB) told at the Hungarian Business Leaders Forum (HBLF) event in Budapest.

Márton Nagy emphasized: a big question is what will happen in the future with this significant amount of cash. He pointed out that if less than half of this amount, about 2300 billion forints the population would be spent on buying public securities, then the current 5100 billion forints stock of securities of the population would be jumped by about 45 percent. (MTI)