MNB: household savings reached 4.2 percent of GDP in the third quarter

In the third quarter of this year, households accumulated savings of 931 billion HUF and borrowed 422 billion HUF, increasing their net financial assets by 508 billion HUF, which is equivalent to 4.2 percent of the quarterly gross domestic product (GDP).

Households’ non-consolidated financial assets amounted to 59,253 billion HUF at the end of September, which is 129.8 percent of the GDP, and liabilities amounted to 9,722 billion HUF, or 21.3 percent of GDP, amounting to 49,532 HUF reaching 108.5 percent of the GDP – the preliminary financial accounts data was released by the central bank on Monday. (MTI)