The National Bank of Hungary (NBH) left the countercyclical capital buffer for banks unchanged at 0% for Q3, the NBH announced. Cyclical systemic risk is low and has not changed much despite the recovery of lending activity, it said. Lending improved both on the retail and corporate markets but it cannot be considered excessive, the NBH stated and pointed to persistently high negative credit-to-GDP gap as well as to other indicators for overheating. The low systemic risk allowed the buffer to be kept at zero in order to encourage lending, it said. The NBH did not expect any change in the buffer to take place over the next one-year horizon.