2020. 06. 18. Home page
1/1
Budapest, 19 June 2020
PRESS RELEASE ON THE PRELIMINARY STATISTICAL BALANCE SHEET OF THE MNB
May 2020
The average stock of currency in circula�on
6 869,7 +27,5(HUF billions)
The average stock of external assets
10 938,0 +630,5(HUF billions)
Changes in assets Changes in liabili�es
Addi�onal informa�onExternal assets Central bank and interbank interest rates
Monetary base
Summary
Reserve requirements Forint liquidity of credit ins�tu�ons
2020. 06. 18. Summary
1/1
EN_Eszköz-Forrás
Előző hónap_ Tárgyhónap Havi változás
Total assetsExternal assetsFunding for Growth Scheme refinancing loans to credit ins�tu�onsOther loans of credit ins�tu�onsMortgage bonds issued by credit ins�tu�onsBonds issued by non-financial corpora�onsRemaining assetsTotal liabili�esCurrency in circula�onCurrent account balances of credit ins�tu�ons - IMPS accountsCurrent account balances of credit ins�tu�ons - without IMPS accountsOvernight deposits of credit ins�tu�ons - preferen�al depositsOvernight deposits of credit ins�tu�ons - without preferen�al depositsOne-week deposits of credit ins�tu�onsOther deposits of credit ins�tu�onsDeposits of central governmentExternal liabili�esRemaining liabili�es
13 083,110 307,5
986,8295,5392,5214,0886,9
13 083,16 842,2
149,7118,3330,0110,1675,6
41,01 059,81 517,42 239,0
14 162,710 938,0
1 009,7812,6401,5231,3769,6
14 162,76 869,7
118,7159,0379,4
68,5822,4
79,01 649,41 928,92 087,7
1079,6630,5
22,8517,1
9,017,3
-117,31079,6
27,5-31,040,749,4
-41,6146,8
38,1589,6411,4
-151,3
EN_Eszköz-Forrás
Előző hó Tárgyhó Havi vált.
Total assetsExternal assetsRemaining assetsTotal liabili�esCurrency in circula�onDeposits of credit ins�tu�onsDeposits of central governmentExternal liabili�esRemaining liabili�es
14 048,510 947,5
3 101,014 048,5
6 852,11 420,41 762,81 913,92 099,2
14 389,310 830,2
3 559,014 389,3
6 891,32 048,01 704,41 882,61 863,1
340,8-117,3458,1340,8
39,1627,5-58,4-31,3
-236,2
April 2020 May 2020
May 2020April 2020
The average stock of external assets rose, while end-of-month stocks declinedin May. The rise in the average stocks mainly reflected the carry-over effect ofthe changes in April. The transfers received from the EU also pointed to growth.The appreciation of the forint in May restrained growth in average and end-of-month stocks.
The average stock of new long-term loans introduced to mitigate moneymarket tensions, on account of the coronavirus pandemic, rose to HUF 812.6billion in the month.
Despite the suspension of sanctions against reserve deficiency, the monthlyaverage of the banking sector’s reserve accounts* exceeded the amount ofminimum reserves by HUF 4.2 billion. In May, reserve requirements amountedto HUF 257.7 billion.
The rise in the average stock of credit institutions’ time deposits with the Bankreflected a growth in the banking sector’s forint liquidity in the referencemonth.
The average stock of currency in circulation continued to rise in the month.
The average stock of central government deposits also rose during themonth.
The average stocks of external liabilities also exceeded the level in April.
The average interest rate on overnight interbank loans (HUFONIA) typicallyfluctuated close to the base rate throughout the month.
Monthly average and end-of-month stocks - May 2020
Summary of May 2020
Selected month
May 2020
Monthly changes Monthly average stocks (HUF biilions)
End-of-month stocks (HUF billions)
Home page
Summary Asset changes Liab. changes
Monetary base
External assets
Reserve req. Forint liquidity
CB interest rates Addi�onal info
Monthly changes
_______________________
*Includes credit ins�tu�ons’ reserve accounts (‘Current account balances of credit ins�tu�ons –
IMPS accounts’) and instant reserve account balances. Instant reserve account is the part of an
account managed under the Immediate Payment System (IMPS), which is counted toward the
compliance with the minimum reserves by the
MNB based on a special statement by credit ins�tu�ons.
2020. 06. 18. Changes in assets
1/1
Components of changes in assets
EN_Eszköz-Forrás
Előző hó TranzakcióSUM
Árfolyamváltozás_SUM
ÁtértékelődésSUM
Egyéb ÁV SUM Tárgyhó
Total assetsLoans to residents - Credit ins�tu�onsLoans to residents - Central governmentLoans to residents - Other residentsHoldings of securi�es other than shares issued by credit ins�tu�onsHoldings of securi�es other than shares issued by general governmentHoldings of securi�es other than shares issued by other residentsHoldings of shares/other equity issued by residentsExternal assetsFixed assetsRemaining assets
14 048,51 935,7
0,010,4
392,139,2
215,284,6
10 947,533,7
390,1
565,5110,8
0,00,0
29,0165,0
45,743,9
193,7-0,1
-22,4
-309,20,00,00,00,00,00,00,0
-311,90,02,7
84,50,00,00,00,00,00,00,00,90,0
83,6
0,00,00,00,00,00,00,00,00,00,00,0
14 389,32 046,5
0,010,4
421,1204,2260,8128,5
10 830,233,5
453,9
-1K
0K
1K
May2018
June2018
July2018
Aug.2018
Sept.2018
Oct.2018
Nov.2018
Dec.2018
Jan.2019
Feb.2019
Mar.2019
Apr.2019
May2019
June2019
July2019
Aug.2019
Sept.2019
Oct.2019
Nov.2019
Dec.2019
Jan.2020
Feb.2020
Mar.2020
Apr.2020
May2020
Transac�on Revalua�on due to foreign exchange rate changes Other revalua�on adjustment Reclassifica�on and other adjustment Total monthly stock changes
Selected instruments
All
Selected month
May 2020
Components of stock change: May 2018 - May 2020 (HUF billions)
End of April 2020 End of May 2020Revalua�on due to foreign
exchange rate changeOther revalua�on
adjustmentReclassifica�on and
other adjustment
Transac�on
Components of changes in assets (HUF billions)
Home page
Summary Asset changes Liab. changes
Monetary base
External assets
Reserve req. Forint liquidity
CB interest rates Addi�onal info
2020. 06. 18. Changes in liabilities
1/1
-1K
0K
1K
May2018
June2018
July2018
Aug.2018
Sept.2018
Oct.2018
Nov.2018
Dec.2018
Jan.2019
Feb.2019
Mar.2019
Apr.2019
May2019
June2019
July2019
Aug.2019
Sept.2019
Oct.2019
Nov.2019
Dec.2019
Jan.2020
Feb.2020
Mar.2020
Apr.2020
May2020
Transac�on Revalua�on due to foreign exchange rate changes Other revalua�on adjustment Reclassifica�on and other adjustment Total monthly stock changes
Components of changes in liabili�es
EN_Eszköz-Forrás
Előző hó Tranzakció SUM Árfolyamváltozás_SUM ÁtértékelődésSUM
Egyéb ÁV SUM Tárgyhó
Total liabili�esCurrency in circula�onDeposits of residents - Credit ins�tu�ons - HUF One-week depositsDeposits of residents - Credit ins�tu�ons - HUF other depositsDeposits of residents - Credit ins�tu�ons - Foreign currencyDeposits of residents - Central government - HUFDeposits of residents - Central government - Foreign currencyDeposits of residents - Other residentsDebt securi�es issued (held by residents)External liabili�esCapital and reserves - equalisa�on reservesCapital and reserves - without equalisa�on reservesRemaining liabili�es
14 048,56 852,1
671,5748,9
0,01 318,0
444,89,20,0
1 913,9523,0403,8
1 163,2
565,539,1
394,8232,7
-0,1-25,9-26,2
0,40,0
-4,7-97,411,741,0
-309,20,00,00,00,10,0
-6,30,00,0
-26,60,0
-179,8-96,5
84,50,00,00,00,00,00,00,00,00,00,0
240,7-156,2
0,00,00,00,00,00,00,00,00,00,00,00,00,0
14 389,36 891,31 066,3
981,70,0
1 292,1412,3
9,70,0
1 882,6425,6476,4951,4
Selected instruments
All
End of April 2020 End of May 2020
Components of stock change: May 2018 - May 2020 (HUF billions)
Selected month
May 2020
Home page
Summary Asset changes Liab. changes
Monetary base
External assets
Reserve req. Forint liquidity
CB interest rates Addi�onal info
Components of changes in liabili�es (HUF billions)
Transac�on
Revalua�on due to foreign exchange rate change
Other revalua�on adjustment
Reclassifica�on and other adjustment
2020. 06. 18. Monetary base
1/1
Components of the monetary base(monthly average stocks)
-24,15 0,00
Changes in the components of the monetary base during the selected period (HUF billions)
0
2 000
4 000
6 000
8 000
May2018
June2018
July2018
Aug.2018
Sept.2018
Oct.2018
Nov.2018
Dec.2018
Jan.2019
Feb.2019
Mar.2019
Apr.2019
May2019
June2019
July2019
Aug.2019
Sept.2019
Oct.2019
Nov.2019
Dec.2019
Jan.2020
Feb.2020
Mar.2020
Apr.2020
May2020
Currency in circula�on Current account balances of CIs Overnight deposits of CIs
Components of the monetary base during the selected period (HUF billions)
7 000
8 000
May 2018
June 2018
July 2018
Aug. 2018
Sept. 2018
Oct. 2018
Nov. 2018
Dec. 2018
Jan. 2019
Feb. 2019
Mar. 2019
Apr. 2019
May 2019
June 2019
July 2019
Aug. 2019
Sept. 2019
Oct. 2019
Nov. 2019
Dec. 2019
Jan. 2020
Feb. 2020
Mar. 2020
Apr. 2020
May 2020
M0 - original data M0 - seasonally adjusted M0 - trend
Currency in curcula�on during the selected period (HUF billions)
5 000
6 000
7 000
May 2018
June 2018
July 2018
Aug. 2018
Sept. 2018
Oct. 2018
Nov. 2018
Dec. 2018
Jan. 2019
Feb. 2019
Mar. 2019
Apr. 2019
May 2019
June 2019
July 2019
Aug. 2019
Sept. 2019
Oct. 2019
Nov. 2019
Dec. 2019
Jan. 2020
Feb. 2020
Mar. 2020
Apr. 2020
May 2020
Currency in circula�on - original data Currency in circula�on - seasonally adjusted Currency in circula�on - trend
Selected period
May 2018 - May 2020
Home page
Summary Asset changes Liab. changes
Monetary base
External assets
Reserve req. Forint liquidity
CB interest rates Addi�onal info
2020. 06. 18. Reserve requirements
1/1
Development in the reserve requirements of credit ins�tu�ons
Development in the reserve requirements of credit institutions (HUF billions)
-10
0
10
20
30
40
50
60
70
140
160
180
200
220
240
260
280
May2018
June2018
July2018
Aug.2018
Sept.2018
Oct.2018
Nov.2018
Dec.2018
Jan.2019
Feb.2019
Mar.2019
Apr.2019
May2019
June2019
July2019
Aug.2019
Sept.2019
Oct.2019
Nov.2019
Dec.2019
Jan.2020
Feb.2020
Mar.2020
Apr.2020
May2020
Reserve surplus (right axis) Reserve requirements of CIs Monthly average of reserve account balances of CIs
Home page
Summary Asset changes Liab. changes
Monetary base
External assets
Reserve req. Forint liquidity
CB interest rates Addi�onal info
-24,15 0,00
Selected period
May 2018 - May 2020
2020. 06. 18. Forint liquidity of CIs
1/1
Forint liquidity of credit ins�tu�ons
Development in the average stock of selected central bank instruments during the selected period (HUF billion)
-3 000
-2 000
-1 000
0
1 000
2 000
May2018
June2018
July2018
Aug.2018
Sept.2018
Oct.2018
Nov.2018
Dec.2018
Jan.2019
Feb.2019
Mar.2019
Apr.2019
May2019
June2019
July2019
Aug.2019
Sept.2019
Oct.2019
Nov.2019
Dec.2019
Jan.2020
Feb.2020
Mar.2020
Apr.2020
May2020
Forint liquidity providing EUR/HUF FX swap Loans of credit ins�tu�ons One-week deposits of CIs Other deposits of CIs Three-month deposits of CIs
-24,15 0,00
Selected periodMay 2018 - May 2020
Home page
Summary Asset changes Liab. changes
Monetary base
External assets
Reserve req. Forint liquidity
CB interest rates Addi�onal info
Instrument breakdown of CI's deposits (HUF billion)
0
1 000
2 000
Aug.
201
8
Sept
. 201
8
Oct
. 201
8
Nov
. 201
8
Dec.
201
8
Jan.
201
9
Feb.
201
9
Mar
. 201
9
Apr.
2019
May
201
9
June
201
9
July
201
9
Aug.
201
9
Sept
. 201
9
Oct
. 201
9
Nov
. 201
9
Dec.
201
9
Jan.
202
0
Feb.
202
0
Mar
. 202
0
Apr.
2020
May
202
0
IMPS accou… Current acco… O/N deposit … O/N deposit … One-week … Three-mont… Other deposit
Maturity breakdown of fine-tuning FX-swap (HUF billion)
-2 000
0
Sept
. 201
8
Oct
. 201
8
Nov
. 201
8
Dec.
201
8
Jan.
201
9
Feb.
201
9
Mar
. 201
9
Apr.
2019
May
201
9
June
201
9
July
201
9
Aug.
201
9
Sept
. 201
9
Oct
. 201
9
Nov
. 201
9
Dec.
201
9
Jan.
202
0
Feb.
202
0
Mar
. 202
0
Apr.
2020
May
202
0
1 week 1 month 3 months 6 months 12 months
2020. 06. 18. External assets
1/1
External assets-24,15 0,00
Selected periodMay 2018 - May 2020
Home page
Summary Asset changes Liab. changes
Monetary base
External assets
Reserve req. Forint liquidity
CB interest rates Addi�onal info
Development in external assets at the end of the selected period (HUF billion)
0
2 000
4 000
6 000
8 000
10 000
12 000
14 000
May2018
June2018
July2018
Aug.2018
Sept.2018
Oct.2018
Nov.2018
Dec.2018
Jan.2019
Feb.2019
Mar.2019
Apr.2019
May2019
June2019
July2019
Aug.2019
Sept.2019
Oct.2019
Nov.2019
Dec.2019
Jan.2020
Feb.2020
Mar.2020
Apr.2020
May2020
2020. 06. 18. Central bank and interbank interest rates
1/1
Central bank interest rates and average interbank overnight lending rates (%)
0,0
0,5
1,0
1,5
2,0
4 May 5 May 6 May 7 May 8 May 11 May 12 May 13 May 14 May 15 May 18 May 19 May 20 May 21 May 22 May 25 May 26 May 27 May 28 May 29 May
Average interbank overnight borrowing rate Central bank base rate Overnight central bank deposit rate Overnight central bank secured loan rate
Central bank interest rates and average interbank overnight lending rates - May 2020
Selected month
May 2020
Home page
Summary Asset changes Liab. changes
Monetary base
External assets
Reserve req. Forint liquidity
CB interest rates Addi�onal info
2020. 06. 18. Additional information
1/1
Addi�onal informa�on
Access to time series on the MNB's websitewww.mnb.hu -> EN -> Sta�s�cs -> Sta�s�cal Data and Informa�on -> Sta�s�cal Time Series -> X. Monetary and other balance sheet sta�s�cs -> Monetary sta�s�cs Direct link: h�ps://www.mnb.hu/letoltes/0708-monstatpubl-enxls.xls
Access to methodological notes on the MNB's websitewww.mnb.hu -> EN -> Sta�s�cs -> Sta�s�cal Data and Informa�on -> Methodological notes -> Methodological notes of preliminary sta�s�cal balance sheet of the MNB Direct link: h�ps://www.mnb.hu/en/sta�s�cs/sta�s�cal-data-and-informa�on/methodological-notes/methodological-notes-of-preliminary-sta�s�cal-balance-sheet-of-the-mnb
Summary
Home page
Asset changes Liab. changes
Monetary base Reserve req. Forint liquidity
External assets CB interest rates Addi�onal info
Contact informationMagyar Nemze� BankSta�s�cs Directorate Phone: + 36 (1) 428-2600Fax: + 36 (1) 429-8000E-mail: [email protected]