MNB: accelerated household borrowing in the second quarter
In the second quarter, households’ net financial assets increased by 657 billion HUF, of which 433 billion HUF came from fresh savings and 213 billion HUF from market yields, according to the latest data from the Magyar Nemzeti Bank (MNB).
During the quarter, savings were 11.3 percent lower than a year before, compared to an annual increase of 47.3 percent after 20.4 percent in the first quarter. Net savings of 433 billion HUF were the smallest since the beginning of 2017. (MTI)
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