Template-Type: ReDIF-Article 1.0

Author-Name: Tamas Briglevics
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: briglevicst@mnb.hu
Author-Person: pbr638

Author-Name: Annamaria Hegedus
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: hegedusan@mnb.hu
Author-Person: 

Title: Households' Savings Portfolio Allocation in an Inflationary Environment in the MNB's New Quarterly Survey

Abstract: Using data from the new quarterly household survey of the Magyar Nemzeti
Bank (the Central Bank of Hungary, MNB), we show how households' saving
habits changed between early 2022 and early 2023 as a result of higher inflation.
Although savings plans changed considerably during the turbulent year 2022, the
key difference is that households significantly increased their government bond
holdings, mainly through inflation-linked, high-yielding government securities, at
the expense of term deposits, showing that households with financial wealth are
very sensitive to interest rates.

Classification-JEL: 
Keywords: 
Pages: 143-155
Volume: 22
Issue: 2
Year: 2023
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-22-2-fa1-briglevics-hegedus.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:22:y:2023:i:2:p:143-155