MNB

MNB

International reserves fall on FX lender allotment

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

MNB

MNB puts Hungary sustainable growth rate around 2.5%

Hungary's economy could grow at a sustained annual rate of 2.5%, representing a potential convergence rate of about 1%, the...

MNB

MNB to provide €9 bln from reserves for FX loan conversion

The Monetary Council of the National Bank of Hungary (MNB) decided yesterday to provide €9 bln from its international reserves...

MNB

BUX down on EC forecast, loan conversion uncertainty, fair banking plans

The Budapest Stock Exchange's main BUX index finished down 1.12% at 17,156.31 Tuesday, after rising 0.17% Monday. It is down...

MNB

Forint little changed on the interbank market, stronger in dollar

The forint was trading at 308.87 to the euro late Tuesday on the interbank forex market, up a little from...

MNB

EC sees deficit remaining under 3% threshold

The European Commission projected Hungary's central budget deficit will remain under the threshold of 3% of the GDP in the...

MNB

Varga: No decision on FX conversion yet

Hungary’s Economy Minister Mihály Varga said late yesterday that no decision has been made on the exchange rate at which...

MNB

Demand remains low at MNB’s tender for FX loan refunds

The National Bank of Hungary (MNB) allotted banks only €13 mln of FX liquidity on Monday in the fourth round...

MNB

MNB: Retail lending stock falls on firmer forint

Hungarian banks retail lending stock fell in September as the stronger forint reduced the value of foreign currency-denominated loans, a...

MNB

Forint up on auction results

The forint was trading at 308.31 to the euro late Thursday on the interbank forex market, up from 309.53 late...

MNB

Forint down after bond buy-back

The forint was trading at 309.32 to the euro late Wednesday on the interbank forex market, down from 308.91 late...

MNB

MNB to extend Funding for Growth Scheme until end-2015

The National Bank of Hungary's (MNB) Monetary Council decided on Tuesday to extend the Funding for Growth Scheme until the...

MNB

Central bank likely to keep base rate at 2.10%

Analysts expect the National Bank's Monetary Council will leave the bank's base rate at the current 2.10% at its rate-setting...

MNB

Report: Hungary’s redistribution rate rises in 2013

Hungary's redistribution rate – government expenditure as a percentage of GDP – rose by one percentage point from 2012 to...

MNB

ÁKK to hold first liquidity bill auction since March next Monday

Hungary's Government Debt Management Agency (ÁKK) will offer HUF 50 bln discount T-bills expiring before the end of the year...

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...