MNB

MNB

Forint volatile on interbank market

The forint was trading at 305.70 to the euro late Friday on the interbank forex market, up from 307.28 late...

MNB

Forint further down in global escape from risky assets

The forint was trading at 307.04 to the euro late Wednesday on the interbank forex market, down from 306.14 late...

MNB

New contracts in exchange rate cap scheme drop sharply in August

The number of new contracts signed under an exchange rate cap scheme, that aims to make repayments for retail borrowers...

MNB

MNB allots banks nearly €980 mln for FX payments

The National Bank of Hungary (MNB) on Monday alloted banks a combined €980 mln of FX liquidity in the first...

MNB

Forint slightly up on interbank market

The forint was trading at 305.61 to the euro late Monday on the interbank forex market, slightly up from 306.02...

MNB

MNB fines Kancellár Globális Piacok for brokering without registration

The National Bank of Hungary (MNB) on Wednesday said it had fined Kancellár Globális Piacok HUF 60 mln for brokering...

MNB

Banks disburse HUF 330bn of gov’t-backed loans

By October 3, banks disbursed HUF 330.1 bln of loans to small and medium-size enterprises (SMEs) in the second phase...

MNB

Magyar Telekom plans to pay no dividend

Hungarian telecommunication service provider Magyar Telekom, the subsidiary of German giant Deutsche Telekom, said today it expects to pay no...

MNB

International reserves rise €149 mln in September

Hungary's international reserves stood at €35.6 bln at the end of September, rising €149 mln as compared to a month...

MNB

Commercial lenders partner with Eximbank

Nine commercial lenders agreed with Eximbank on leasing packages available in the framework of its export-boosting credit program....

MNB

Low inflation may delay MNB rate hikes to 2016

Hungary's very tame CPI dynamics may prompt the central bank to delay its monetary tightening to 2016, London-based emerging markets...

MNB

Áder signs law on FX loan repayments

Less than two weeks after the bill was passed by Parliament regarding banks having to settle with their clients the...

MNB

Forint further up on government debt talk

The forint was trading at 309.81 to the euro late Friday on the interbank forex market, slightly up from 310.08...

MNB

Banker: Moratorium on mortgaged property sale stifles loan market

Mortgage lending could become attractive again if the moratorium on the sale of the mortgaged properties is lifted, Raiffeisen Bank...

MNB

Forint further up in portfolio rearrangement

The forint was trading at 309.88 to the euro late Thursday on the interbank forex market, up from 310.27 late...

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...