In June 2010 Forint Borrowing by Households Exceeded Repayments

As in the previous month, in June 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’ total outstanding borrowing, not adjusted for the effects of revaluations and other changes, fell slightly in the month.
Households placed more forint deposits than they withdrew, while withdrawals from foreign currency deposits exceeded new deposits, with a resulting decline in their deposits. Non-financial corporations were net repayers in the forint and net borrowers in foreign currency. On balance, they were net repayers in the month. In addition, non-financial corporations placed more forint deposits than they withdrew, which was only partially offset by a fall in their foreign currency deposits. Consequently, the sector’s deposits rose significantly.

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