Hungary’s 3-month jobless rate 4.6% at end-June

Hungary’s three-month rolling average jobless rate up to end-June was 4.6%, 0.5 of a percentage point higher than the previous three-month period and up 1.3 percentage points from twelve months earlier, the Central Statistical Office (KSH) said. The rate covers unemployment among those between the ages of 15 and 74. In absolute terms, there were […]

ECB announces organisational changes to strengthen banking supervision

ECB aims to strengthen cooperation between bank-specific and thematic supervisory teams New structure reinforces supervisory strategy and risk function, ensuring consistency of supervisory outcomes Reorganisation to foster transparency and predictability of supervisory actions The European Central Bank (ECB) announced today changes to the organisational structure of its supervisory arm to ensure continued effective and efficient […]

Consolidated financial statement of the Eurosystem as at 24 July 2020

In the week ending 24 July 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 1.6 billion to EUR 319.4 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) increased […]