Macro Analysis /
Hungary

Hungary: Private sector loan growth picks up to 12.0% y/y in July

    EmergingMarketWatch
    2 September 2021
    • Both corporate and retail lending accelerates, stronger lending comes even outside base effects
    • Interest rates on corporate forint loans start to rise due to monetary tightening
    • Households, companies maintain strong deposit growth, in our view showing that epidemic impact not fully overcome yet