In the past two years the unfavourable trend characteristic of the prior period has been reversed and the holdings of government securities of residents have risen gradually. This trend has accelerated from the beginning of 2012. As a parallel phenomenon, the holdings of residents within the total holdings of HUF denominated government securities have also increased, which is a positive development for households and the national economy, too.

You can find the analysis in the attached document on the right side of the page!

(Ministry for National Economy)