Households Were Net Repayers Of of Debt In May

In May 2010, forint borrowing by households exceeded repayments, i.e. the sector was a net borrower, while repayments in foreign currency exceeded borrowing, i.e. the sector was a net repayer.

On balance, households were net repayers of debt in the month.
The sector’s forint deposits barely changed, while its foreign currency deposits fell. Non-financial corporations were net repayers in the forint and net borrowers in foreign currency. Their outstanding bank borrowing increased significantly in the month. In addition, non-financial corporations placed more forint deposits than they withdrew and reduced slightly their foreign currency deposits, i.e. their net new deposits were close to zero.

 

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