MNB: household savings increased in the fourth quarter of last year

By: Trademagazin editor Date: 2022. 02. 18. 11:20

Households’ net financial savings amounted to 905 billion HUF, or 5.8 percent of GDP, in the fourth quarter of last year, compared to 111 billion HUF in the third quarter and 761 billion HUF of a year before, the Magyar Nemzeti Bank announced on Friday, according to preliminary financial account data. (MNB).

Household savings increased

The major part of the savings, 717 billion HUF, was in current account deposits and another 205 billion HUF in cash. Households bought government securities for 335 billion HUF, an increase of 10,110 billion HUF. 328 billion HUF was invested in equities and other equity, including 187 billion HUF, in investment units. Technical provisions were increased by 83 billion HUF. (MTI)