Készpénzállapot

Készpénzállapot, often abbreviated as KA, is a financial indicator used in Hungary to measure the amount of cash in circulation. It is calculated by the Hungarian National Bank (MNB) and is published weekly. The KA indicator is derived from the data collected from automated teller machines (ATMs) and cash deposits in banks.

The primary purpose of the KA indicator is to monitor the liquidity of the Hungarian forint. An increase in KA may indicate that people are holding more cash, which could suggest a decrease in confidence in the banking system or an expectation of higher inflation. Conversely, a decrease in KA might suggest that people are moving their funds into banks, which could indicate increased confidence in the financial system.

The KA indicator is used by the MNB to make decisions about monetary policy. It is one of the tools used to assess the health of the Hungarian economy and to ensure the stability of the forint. The indicator is also watched by economists, investors, and the public to gauge the economic outlook and make informed decisions.

It is important to note that the KA indicator is just one of many factors considered by the MNB when making monetary policy decisions. Other factors such as inflation rates, interest rates, and economic growth are also taken into account. Additionally, the KA indicator is not a perfect measure of cash in circulation, as it does not account for cash held by individuals that is not deposited in banks or ATMs.

The KA indicator was first introduced in 2001 and has since become an important tool for monitoring the Hungarian economy. It provides valuable insights into the liquidity of the forint and helps to ensure the stability of the Hungarian financial system.