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EU Justice Commissioner to Speak in Budapest; NBH Minutes on Docket

HUNGARY
  • The Economic Development Ministry said in a statement this morning that the amount of government debt held by Hungarian households has surpassed bank deposits for the first time. Government incentives helped channel an additional HUF1.2trln into sovereign debt securities in total, while bank deposits fell by HUF400bln, the statement said.
  • The international community should join forces to prevent escalation of the Israeli-Palestinian conflict, Foreign Minister Peter Szijjarto told an EU-Gulf Cooperation Council meeting as per MTI. He called for a responsible approach, warning that developments could "easily lead to the gravest humanitarian disaster in history".
  • EU Justice Commissioner Didier Reynders will speak at a forum in Budapest at 0945BST/1045CET. Minutes of the central bank’s latest meeting will be released at 1300BST/1400CET.

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