Hungarian forint liquidity rose in July

The National Bank of Hungary reports that the volume of forint held by banks in overnight deposits rose HUF 34.9bn in July (to HUF 436.5bn). The country's central bank also revealed that its average stock of external assets had risen by HUF 124.3bn to HUF 9.519 trillion as of the end of July. The increase in average stocks reflects a decline in average forint exchange rates in July. The average volume of central government deposits fell HUF 41.2bn to HUF 1.653 trillion. The month ended with 6.233 trillion forint in circulation. In an effort to meet its targets, the National Bank concluded one, three, six and 12-month transactions.