Hungary's deposits, loan interest rates continue rising in Feb 2012.

By bne IntelliNews April 2, 2012
The interest rates on forint-denominated deposits of the Hungarian non-financial corporations and households continued to increase in February 2012, after registering sharp increases in the previous two months, central bank data showed. Interest rates on deposits of non-financial corporations climbed to a 28-month high of 6.79% in February, up by 0.1pps m/m. Forint-denominated deposits for households were signed at an average rate of 6.64%, the highest since January 2010, and up by 0.09pps m/m. Interest rates on forint-denominated loans also advanced both for non-financial corporations and households. The companies signed credit contracts at an average of 9.75% in February, up by 0.33pps m/m. Regarding households, the interest rates on consumer credit and mortgage loans were up by 0.59pps and 0.4pps m/m.
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