MNB

MNB

Hungary sees state debt falling to 76.9% level this year

The National Economy Ministry projects Hungary's state debt as a percentage of GDP will fall to a lower-than-expected 76.9% at...

MNB

EC: Hungary’s debt reduction steps no substitute for real fiscal consolidation

The European Commission acknowledged recent steps Hungary has taken to reduce its state debt in a report published on Wednesday,...

MNB

Forint up again in euro on interbank market

The forint was trading at 309.68 to the euro late Wednesday on the interbank forex market, up from 310.82 late...

MNB

Weaker forint raises Hungary’s net external debt

Hungary's net external debt rose slightly, mainly on revaluation effects, in the second quarter of 2014 and reached 39% of...

MNB

Forint up again in euro on interbank market

The forint was trading at 310.83 to the euro late Tuesday on the interbank forex market, up from 311.67 late...

MNB

MNB: Corporate lending stock rises

The corporate lending stock of Hungarian banks rose to HUF 6.75 trillion at the end of August month-on-month, as a...

MNB

Eximbank: Rapid growth of assets to continue

State-owned Hungarian Eximbank expects its lending to expand and the growth of total assets continue, CEO Roland Natran announced in...

MNB

Hungary debt ratio reaches 85.0% of GDP

Hungary's gross consolidated government sector debt, calculated at nominal value, in line with Maastricht methodology, reached HUF 25,437 bln, equivalent...

MNB

MNB sets 2015 deficit target at 2.6%

National Bank of Hungary (MNB) put the 2014 general government deficit at 2.8% of GDP, below the official target of...

MNB

Parliament approves law on settlement of bank refunds

The legislation clarifying the settlement of refunds lender institutions will be forced to pay borrowers was approved by the Hungarian...

MNB

Forint further up on interbank market

The forint was trading at 310.15 to the euro late Wednesday on the interbank forex market, up from 310.98 late...

MNB

BUX still sharply down despite some global consolidation

The Budapest Stock Exchange's main BUX index finished down 0.90% at 18,092.86 Wednesday, after plunging 1.43% Tuesday. It is down...

MNB

MNB to support phaseout of retail FX loans

The National Bank of Hungary (MNB) today announced that the institution would provide from its own FX reserves the foreign...

MNB

Forint up on surprise debt plan

The forint was trading at 311.35 to the euro late Tuesday on the interbank forex market, up from 312.40 late...

MNB

Varga reverses course on foreign debt

Hungary’s Economy Minister Mihály Varga said today that the country could sell new foreign currency debt this year if terms...

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...