MNB

MNB

Erste: FX law cuts assets by more than 10%

The net assets of Erste Bank Hungary dropped more than 10% by the end of June from the end of...

MNB

OTP Bank commits to mortgage business

OTP Bank undertook an “unconditional and irrevocable obligation” to its mortgage and leasing units, despite the effects of the recently...

MNB

Twice as many farmers apply for cheap loans

The number of farmers applying to the Funding Growth Scheme launched by the National Bank of Hungary (MNB) has more...

MNB

Moody’s: Hungary FX law is credit negative for banks

Hungary's new law on foreign-exchange-based loans will substantially increase losses for banks compared to earlier expectations, and is therefore credit...

MNB

FX-loans costs reviewed

Hungary's central bank’s experts say recently approved borrowers’ relief legislation could cost the country’s financial sector HUF 700 to 900...

MNB

FX law proposal refined; vote expected today

Banks will not be able to make unilateral changes to the interest rates or fees of retail loans unless a...

MNB

Hungary four-quarter c/a surplus exceeds €3.5 bln

Hungary's four-quarter current-account surplus exceeded €3.5 bln in the period ended Q1, reaching a historical high, the National Bank of...

MNB

Rogán: FX law to set exchange rate below market rate

The new law on foreign exchange loans would force banks to value the forint below market rates when compensating borrowers...

MNB

Hungarian government to submit FX loan bill today

The Hungarian government is expected to submit a bill today on reparations for customers holding FX loans, based on the...

MNB

FX mortgage ruling said to hurt credit ratings of banks

The Hungarian Supreme Court's ruling last week, that unilateral changes by banks to foreign-currency mortgage interest rates were unfair in...

MNB

TakarékBank analysts predict GDP growth

TakarékBank analysts project 3.1% GDP growth this year and 2.4% growth for 2015, and expect accelerating economic growth and the...

MNB

Government plans new law after FX ruling

Hungary’s governing party Fidesz will protect borrowers by submitting legislation to phase out FX mortgages, in response to the Curia...

MNB

Money provided but not markets

National Bank of Hungary (MNB) and the Hungarian Export-Import Bank Plc. (Eximbank) provides abudant credit sources for corporations, although growth...

MNB

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

MNB

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

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...