Hungarian businesses are pessimistic
Forint liquidity of Hungary's banking sector rose slightly in June, reflected mainly in an increase in lenders' deposits and a decline, close to nil, in central bank swap claims on lenders, the National Bank of Hungary said in its monthly preliminary statistical balance on Thursday.
Average stock of overnight deposits rose by HUF 111.6 billion to HUF 274.7 billion in June from the previous month. Average stock of two-week MNB bills increased HUF 136.3 billion to HUF 3,580.9 billion for residents but dropped a sharper HUF 202.6 billion to HUF 437.1 billion for non-residents. Swap claims dropped by HUF 8.3 billion to just HUF 3.5 billion. In the previous month, the claims plunged by more than HUF 154 billion. Average stock of currency in circulation was up HUF 34.0 billion at HUF 2,694.4 billion in June. Average external assets were HUF 179.6 billion higher at HUF 10,760.8 billion.
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