Finance

MNB

UniCredit: Interest rate swap auction will determine yield curve of government bonds

The Hungarian central bankʼs next auction of its discount interest rate swaps (IRS) will be a bellwether for how well...

MNB

Forint eases on interbank market

 The forint was trading at 311.54 to the euro late Friday on the interbank forex market, down from final quotes...

Debt

ÁKK raises offers for all terms at bond auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 62.5 bln of bonds at auction on Thursday, raising its...

Debt

ÁKK buys HUF 13 bln of bonds at reverse auction, more than planned

The Government Debt Management Agency (ÁKK) bought a combined HUF 13 bln of bonds before maturity at a reverse auction...

MNB

Nomura: MNB will keep loosening ‘underlying monetary conditions’

Following the National Bank of Hungary’s (MNB) base rate cut of 15 bp down to 1.35% yesterday, analysts at Nomura...

MNB

Forint jumps to nearly two-month high versus the euro as easing cycle ends

The forint was trading at 307.98 to the euro late Tuesday on the interbank forex market, up from 310.02 late...

MNB

Equilor expects easing cycle to end

The further base rate cut by the Monetary Policy Council of the National Bank of Hungary (MNB), which eased an...

Debt

ÁKK sells HUF 35 bln of three-month bills, as planned

 The Government Debt Management Agency (ÁKK) sold HUF 35 bln of discount three-month T-bills at auction today, in line with...

MNB

Central bankʼs deputy governor to head MKB

National Bank of Hungary (MNB) Deputy Governor Ádám Balog is resigning from his position at the central bank and will...

Ratings

S&P revises MOL outlook to positive

Standard and Poorʼs on Friday said it revised its outlook on Hungarian oil and gas company MOL from stable to...

Debt

ÁKK sells combined HUF 31.5 bln of securities at auction, less than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 31.5 bln of securities at auction on Thursday, less than...

Debt

ÁKK exchanges HUF 16 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 16 bln of bonds maturing in 2024 for ones that expire in...

Debt

ÁKK sells HUF 35 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 35 bln of discount three-month T-bills at auction today, in line with...

Ratings

Moodyʼs: Hungaryʼs junk rating remains untouched

Rating agency Moodyʼs Investors Service left Hungaryʼs "Ba1" sovereign long-term foreign and domestic issuer rating, one notch under investment grade, with "stable"...

MNB

Forint rebounds on Greece, credit upgrade speculation

 The forint was trading at 311.58 to the euro late Friday on the interbank forex market, up from 315.56 late...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...