The additional transaction tax from 1 October will certainly not help the situation
No details revealed, though
Bond funds also reach a milestone
The government's scheme worked - in some areas at least
Figures for the first month burdened by social contribution tax available
Latest savings statistics from the National Bank of Hungary are out
One percentage point drop in a single day
But where will the HUF 500 billion for this purpose come from?
With HUF 175 billion invested in March
More than HUF 200 billion raised in February
Inflation is scorching up savings at a frantic rate
No one saw this coming even a year ago
Last year saw an unprecedented influx of fresh money, with peak figures in December
The order reversed again in the last few months
Russia-Ukraine war likely to upset things for investment funds too
Including HUF 67 bn to be raised through bond issue
But bond funds may recover in H2
Household savings up HUF 535 bn in January-April
While equity funds offer highest return
In the 2021 budget