Hungarians Shift Savings from Banks to Bonds in Inflation Play
Savers increased holdings of domestic government bonds in the second quarter by almost 1.4 trillion forint ($3.9 billion), a 13.5% jump from a year earlier. At the same time, they held 1.9 trillion forint less in cash and bank deposits, a 10.7% drop in a year, according to central bank data released Friday.
https://www.bloomberg.com/news/artic...rope#xj4y7vzkg
- Premier Orban’s cabinet is pushing savers toward state bonds
- Deposits started moving toward debt before latest incentives
Savers increased holdings of domestic government bonds in the second quarter by almost 1.4 trillion forint ($3.9 billion), a 13.5% jump from a year earlier. At the same time, they held 1.9 trillion forint less in cash and bank deposits, a 10.7% drop in a year, according to central bank data released Friday.
https://www.bloomberg.com/news/artic...rope#xj4y7vzkg
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