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HATC SAMPLE EDITION:
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20th May, 2025
Ft 19trn sits idle in cash and deposits
Hungarian households held Ft 19.2 trillion in cash and uncommitted bank deposits in the first quarter of 2025, up 12.4% year-on-year, according to preliminary MNB data.
This figure includes Ft 7.1 trillion in cash and Ft 12.2 trillion in demand deposits.
With a population of 9.54 million, this translates to Ft 2 million per person held in non-interest-bearing or low-yield forms.
Bankmonitor notes that most of these funds earn negligible interest, despite options such as government bonds offering returns near 7%.
As a result, Hungarians potentially missed out on over Ft 1.3 billion in interest income, around Ft 139,000 per capita.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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