Zsófia Czifra

Analysis

MNB Keeps Base Rate Unchanged, Lower Inflation Target Signals Tighter Stance

The Monetary Council of the National Bank of Hungary (MNB) left Hungary’s benchmark rate at 5.5% at its most recent...

Analysis

MNB Continues Rate Cuts as Inflation Slumps, but Risks Keep Decision-makers Cautious

The National Bank of Hungary (MNB) continued its easing cycle on Aug. 25 with a widely expected 25-basis-point interest-rate cut,...

Analysis

MNB Cuts Rate to 5.75%, but Middle East Conflict Clouds Further Easing

The Monetary Council of the National Bank of Hungary (MNB) delivered another 25-basis-point rate cut this month, bringing the benchmark...

Analysis

Cooling Inflation Strengthens Case for Fall Rate Cuts

Hungary’s disinflation trend remained firmly intact in June, reinforcing expectations that the National Bank of Hungary (MNB) will continue easing...

Analysis

MNB Launches Easing Cycle, Analysts See Room for Further Reductions

The National Bank of Hungary (MNB) lowered its base rate by 25 basis points to 6% at its June 23...

Analysis

Lower-than-expected May Inflation Strengthens Case for MNB Rate Cuts

Hungary’s inflation slowed more sharply than expected in May, giving policymakers additional room to continue monetary easing and reinforcing expectations...

Analysis

Hungary Secures EUR 16.4 bln EU Funding Deal, Dependent on Reforms

Hungary has struck a deal with Brussels to regain access to EUR 16.4 billion in EU funding withheld under the...

Analysis

Tisza Opens Door to Single Currency, but Road to Adoption Remains Long

Hungary’s euro conversation has moved from the political margins back to the center of economic policy. Whether the forint ultimately...

Analysis

Hungary’s Economy Beats Early Pessimism in 2026, but Risks lie Beneath the Surface

Hungary’s economic growth picked up more strongly than expected in the first quarter of 2026, offering a welcome rebound after...

Analysis

Hungary’s Economic Starting Point: Challenging Landscape for Incoming Tisza Gov’t

As Hungary prepares for a political transition, the incoming Tisza government will inherit an economy marked by a delicate balance...

Analysis

Positive Easter Egg Surprises Follow Holiday Weekend

Retail consumption, industrial production, and inflation: the Central Statistical Office released three significant datasets after the long Easter weekend. With...

Analysis

MNB Holds Rates as Iran Conflict Clouds Both Inflation and Growth Outlooks for This Year

Hungary’s central bank kept interest rates unchanged on March 24, striking a cautious tone as escalating tensions in the Middle...

Analysis

Inflation Surprise a Relief, but Risks Still Lurk for Hungary’s Economy

Hungary’s inflation data delivered another positive surprise in February, offering temporary relief for policymakers and markets alike. Consumer prices rose...

Analysis

Hungary’s Central Bank Cuts Rates After 18 Months, Signals Cautious Path Ahead

The National Bank of Hungary (MNB) has lowered its benchmark rate to 6.25%, marking its first cut in a year...

Analysis

MNB Keeps Base Rate Unchanged, Lower Inflation Target Signals Tighter Stance

The Monetary Council of the National Bank of Hungary (MNB) left Hungary’s benchmark rate at 5.5% at its most recent...

Analysis

MNB Continues Rate Cuts as Inflation Slumps, but Risks Keep Decision-makers Cautious

The National Bank of Hungary (MNB) continued its easing cycle on Aug. 25 with a widely expected 25-basis-point interest-rate cut,...

Analysis

MNB Cuts Rate to 5.75%, but Middle East Conflict Clouds Further Easing

The Monetary Council of the National Bank of Hungary (MNB) delivered another 25-basis-point rate cut this month, bringing the benchmark...

Analysis

Cooling Inflation Strengthens Case for Fall Rate Cuts

Hungary’s disinflation trend remained firmly intact in June, reinforcing expectations that the National Bank of Hungary (MNB) will continue easing...

Analysis

MNB Launches Easing Cycle, Analysts See Room for Further Reductions

The National Bank of Hungary (MNB) lowered its base rate by 25 basis points to 6% at its June 23...

Analysis

Lower-than-expected May Inflation Strengthens Case for MNB Rate Cuts

Hungary’s inflation slowed more sharply than expected in May, giving policymakers additional room to continue monetary easing and reinforcing expectations...

Analysis

Hungary Secures EUR 16.4 bln EU Funding Deal, Dependent on Reforms

Hungary has struck a deal with Brussels to regain access to EUR 16.4 billion in EU funding withheld under the...

Analysis

Tisza Opens Door to Single Currency, but Road to Adoption Remains Long

Hungary’s euro conversation has moved from the political margins back to the center of economic policy. Whether the forint ultimately...

Analysis

Hungary’s Economy Beats Early Pessimism in 2026, but Risks lie Beneath the Surface

Hungary’s economic growth picked up more strongly than expected in the first quarter of 2026, offering a welcome rebound after...

Analysis

Hungary’s Economic Starting Point: Challenging Landscape for Incoming Tisza Gov’t

As Hungary prepares for a political transition, the incoming Tisza government will inherit an economy marked by a delicate balance...

Analysis

Positive Easter Egg Surprises Follow Holiday Weekend

Retail consumption, industrial production, and inflation: the Central Statistical Office released three significant datasets after the long Easter weekend. With...

Analysis

MNB Holds Rates as Iran Conflict Clouds Both Inflation and Growth Outlooks for This Year

Hungary’s central bank kept interest rates unchanged on March 24, striking a cautious tone as escalating tensions in the Middle...

Analysis

Inflation Surprise a Relief, but Risks Still Lurk for Hungary’s Economy

Hungary’s inflation data delivered another positive surprise in February, offering temporary relief for policymakers and markets alike. Consumer prices rose...

Analysis

Hungary’s Central Bank Cuts Rates After 18 Months, Signals Cautious Path Ahead

The National Bank of Hungary (MNB) has lowered its benchmark rate to 6.25%, marking its first cut in a year...

MNB Keeps Base Rate Unchanged, Lower Inflation Target Signals Tighter Stance

The Monetary Council of the National Bank of Hungary (MNB) left Hungary’s benchmark rate at 5.5% at its most recent...

MNB Continues Rate Cuts as Inflation Slumps, but Risks Keep Decision-makers Cautious

The National Bank of Hungary (MNB) continued its easing cycle on Aug. 25 with a widely expected 25-basis-point interest-rate cut,...

MNB Cuts Rate to 5.75%, but Middle East Conflict Clouds Further Easing

The Monetary Council of the National Bank of Hungary (MNB) delivered another 25-basis-point rate cut this month, bringing the benchmark...

Cooling Inflation Strengthens Case for Fall Rate Cuts

Hungary’s disinflation trend remained firmly intact in June, reinforcing expectations that the National Bank of Hungary (MNB) will continue easing...

MNB Launches Easing Cycle, Analysts See Room for Further Reductions

The National Bank of Hungary (MNB) lowered its base rate by 25 basis points to 6% at its June 23...

Lower-than-expected May Inflation Strengthens Case for MNB Rate Cuts

Hungary’s inflation slowed more sharply than expected in May, giving policymakers additional room to continue monetary easing and reinforcing expectations...

Hungary Secures EUR 16.4 bln EU Funding Deal, Dependent on Reforms

Hungary has struck a deal with Brussels to regain access to EUR 16.4 billion in EU funding withheld under the...

Tisza Opens Door to Single Currency, but Road to Adoption Remains Long

Hungary’s euro conversation has moved from the political margins back to the center of economic policy. Whether the forint ultimately...

Hungary’s Economy Beats Early Pessimism in 2026, but Risks lie Beneath the Surface

Hungary’s economic growth picked up more strongly than expected in the first quarter of 2026, offering a welcome rebound after...

Hungary’s Economic Starting Point: Challenging Landscape for Incoming Tisza Gov’t

As Hungary prepares for a political transition, the incoming Tisza government will inherit an economy marked by a delicate balance...

Positive Easter Egg Surprises Follow Holiday Weekend

Retail consumption, industrial production, and inflation: the Central Statistical Office released three significant datasets after the long Easter weekend. With...

MNB Holds Rates as Iran Conflict Clouds Both Inflation and Growth Outlooks for This Year

Hungary’s central bank kept interest rates unchanged on March 24, striking a cautious tone as escalating tensions in the Middle...

Inflation Surprise a Relief, but Risks Still Lurk for Hungary’s Economy

Hungary’s inflation data delivered another positive surprise in February, offering temporary relief for policymakers and markets alike. Consumer prices rose...

Hungary’s Central Bank Cuts Rates After 18 Months, Signals Cautious Path Ahead

The National Bank of Hungary (MNB) has lowered its benchmark rate to 6.25%, marking its first cut in a year...

Year-end Delivers an Unpleasant Surprise for Hungary’s Economy

Hungary’s economy ended the year on a weak note, as sluggish industrial output offset gains in services and construction, reinforcing...