MNB

MNB

Forint further up on interbank market

The forint was trading at 304.38 the euro late Friday on the interbank forex market, up from 304.62 late Thursday....

MNB

Analysts expect MNB to keep rates on hold on Tuesday

Analysts polled by Reuters expect the National Bank of Hungary's rate-setting Monetary Council to keep the base rate on hold...

MNB

FX loan amendment: Banks likely to pay more

A parliamentary committee submitted an amendment to the borrowers' relief legislation that would lower the interest spread lenders may use...

MNB

Official: State debt to fall below 2013-end level

By the end of November the Hungarian state debt will be below its level at the end of 2013 using...

MNB

Forint down on interbank market

The forint was trading at 306.22 the euro late Monday on the interbank forex market, a hair down from 306.17...

MNB

MNB: Net gov’t financing requirement 2.3% of GDP in 4 quarters ending Q3

Hungary's general government net financing requirement was HUF 692 bln or 2.3% of GDP in the four quarters to Q3...

MNB

MNB sends oversight commissioners to Széchenyi Bank leasing unit

The National Bank of Hungary (MNB) ordered oversight commissioners to financial businesses Széchenyi Lízing Pénzügyi Szolgáltató and Platinum Pénzügyi Szolgátatóház...

MNB

MNB predicts only five big players will remain in banking market

Five big banks will remain in Hungary after a consolidation on the market, National Bank of Hungary managing director Márton...

MNB

Banks to wind up loan refinancing by next fall

Hungarian banks could wind up the process of refinancing retail clients' loans to reflect compensation paid under borrowers' relief legislation...

MNB

Analysts’ views differ on FX conversion effects

Analysts interviewed by MTI on Sunday gave differing views on how successful the forint conversion of foreign currency loans could...

MNB

Lenders allotted €7.8 bln at FX conversion tender

The National Bank of Hungary allotted a combined €7.834 bln to banks for the conversion of retail foreign currency-denominated loans...

MNB

MNB: FX loan conversion to take place in one go

The National Bank of Hungary (MNB) is well prepared for the conversion of retail FX loans into forints and the...

MNB

Moody’s upgrades Hungary’s rating to stable

Moody’s rating service upgraded Hungary’s government bond rating from negative to stable, giving the country’s outlook a score of Ba1....

MNB

Hungary repays €2 bln toward EU loan

Hungary has repaid €2 bln of a loan it took out from the European Commission in the autumn of 2008,...

MNB

MNB’s international reserves fall almost €1.5 bln

Hungary's international reserves stood at €34.218 bln at the end of October, down €1.466 bln from a month earlier, preliminary...

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...