MNB

MNB

Rate-setters Point to Continued Need for ‘Disciplined’ Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) said "disciplined monetary policy" was still necessary to...

MNB

MNB Stresses Importance of ‘Conservative’ Dividend Policy to Support Future Lending

The National Bank of Hungary (MNB) said lenders' "remarkably high" profitability was not sustainable in the medium term and pointed...

MNB

MNB Signs Cooperation Deal With Kazakh Financial Market Watchdog

The National Bank of Hungary (MNB) has signed a cooperation agreement with the Astana Financial Services Authority (AFSA), Kazakhstan's financial...

MNB

MNB Investment Companies’ Profit up 35%

After-tax profit of investment companies overseen by the National Bank of Hungary rose 35% year-on-year to HUF 42.6 billion in...

MNB

MNB Cuts Base Rate by 75 bp to 11.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB

MNB Issues Sustainable and Responsible Investment Charter

The National Bank of Hungary (MNB) on Monday issued a Sustainable and Responsible Investment Charter in which it commits to...

MNB

MNB’s Virág Suggests 75 bp Base Rate Cut

National Bank of Hungary (MNB) deputy-governor Barnabás Virág suggested central bank policymakers would cut the base rate by 75 basis...

MNB

Growing Client Numbers Would Warrant Local Revolut Unit – MNB

The National Bank of Hungary (MNB) said the growing number of Hungarian clients of fintech company Revolut, along with more...

MNB

MNB Int’l Reserves Rise EUR 658 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.320 bln at the end of October, up...

MNB

Policymakers Cut Central Bank Base Rate by 75 bp to 12.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB

Regulator to Raise LTV Limit to 90% for 1st-time Homebuyers

The National Bank of Hungary (MNB) announced plans on Wednesday to raise the loan-to-value limit for first-time home buyers from...

MNB

MNB Pledges Nearly EUR 14 million to IMF Concessional Financing Vehicle

The National Bank of Hungary (MNB) has pledged nearly EUR 14 mln to the International Monetary Fund's Poverty Reduction and...

MNB

MNB Says Inflation Slowdown Driven by Drop in Regulated Prices

The National Bank of Hungary (MNB) said the prices of regulated products and services, which fell on the base effect...

MNB

MNB Fines Lenders for Early Repayment Compliance Shortfalls

The National Bank of Hungary (MNB) has fined four lenders a combined HUF 27 million for failure to fully comply...

MNB

MNB Int’l Reserves Rise EUR 48 mln in September

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.662 billion at the end of September, up...

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...

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...

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...

Varga Prioritizes Successful Euro Adoption Over Speed

Hungary should prioritize a successful transition to the euro over rapid adoption, MNB governor Mihály Varga said at the 64th...

Forint Volatility Warrants ‘Special Attention,’ MNB Policymakers Say

Members of the Monetary Council of the MNB acknowledged the disinflationary effects of the stronger forint but said exchange rate...

MNB Cuts Base Rate to 5.5%, September Inflation Report to Guide Next Steps

The Monetary Council of the National Bank of Hungary (MNB) cut the central bank base rate by 25 basis points...

Meeting Maastricht Criteria Would Benefit Entire Hungarian Economy, MNB Dep Gov Says

Meeting the Maastricht criteria for adopting the euro would benefit the entire Hungarian economy, Péter Benő Banai, a deputy governor...

National Bank of Hungary Cuts Base Rate to 5.75%

The Monetary Council of the National Bank of Hungary (MNB) cut the central bank base rate by 25 basis points...

MNB Monetary Council Cuts Base Rate to 6%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

MNB Warns of Rising Housing Market Risks as Banks Remain Stable

The National Bank of Hungary (MNB) said the local banking system remains stable but underscored increasing risks in the home...

MNB International Reserves Rise EUR 1.898 bln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 60.630 billion at the end of April, up...

MNB May Reduce 82% Ownership Stake in BÉT

Talks are underway between the Budapest Stock Exchange (BÉT) and the National Bank of Hungary (MNB) on reducing the central...

MNB Governor Warns Inflation Could Exceed 5% This Year

MNB Governor Mihály Varga said in an interview with economic weekly HVG that the new gov't must present a credible...

National Bank Policymakers Leave Base Rate on Hold at 6.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...