MNB

MNB

Savings ratio rises to 7.3% of GDP in Q1

Net financial savings of Hungarian households reached HUF 495 billion in nominal terms in the first quarter of 2017, or...

MNB

Inflation rate concerns Varga, MNB deputy governor

National Economy Minister Mihály Varga on Thursday said the economy is in “top form” and the country’s fiscal position is...

MNB

EBRD lowers Hungary GDP forecast for 2014

The European Bank for Reconstruction and Development (EBRD) lowered its forecast for Hungary’s GDP growth this year to 1.6% in...

MNB

OECD: “Moderate recovery” for Hungary to continue into 2015

The OECD projected a “moderate recovery” would continue in Hungary in its newly released economic forecast published today. “The moderate...

MNB

MNB to raise FX financing adequacy ratio requirement

The National Bank of Hungary (MNB) yesterday announced that the minimum foreign exchange financing adequacy ratio requirement would gradually be...

MNB

Pleschinger: Further base rate cuts increase risks

Further base rate cuts by the National Bank of Hungary (MNB) would further increase risks, MNB Monetary Council external member...

MNB

MNB executive directors: International reserves may be lowered “with due caution”

Hungary’s reserves could be lowered with due caution as they exceed reference levels watched by investors and short-term external debt...

MNB

MNB to amend Funding for Growth conditions

The National Bank of Hungary (MNB) announced that conditions of its Funding for Growth scheme will be amended as of...

MNB

Hungarian non-financials remain net lenders in 2013

Hungarian non-financial companies remained net lenders in 2013, “saving” net HUF 1.052 trillion or 3.6% of GDP, financial accounts data...

MNB

MNB ups deficit forecast for 2014 to 2.9% of GDP

The National Bank of Hungary (MNB) forecasts Hungary’s 2014 general government deficit, calculated according to European Union rules, will reach...

MNB

MNB reforecasts inflation down for 2014, up for ‘15

Shortly after announcing another 10 bp cut to its base rate to yet another record of 2.60%, the National Bank...

MNB

Dep. gov. reiterates need for MNB to reassess easing

National Bank of Hungary (MNB) rate-setters will have to “reassess” the continued easing and concomitant lowering of its base rate...

MNB

UniCredit reports 69% decrease in profit for 2013

The Hungarian unit of Italy-based UniCredit reported after-tax profit of HUF 6.45 billion for 2013, a whopping 69% year-on-year decrease...

MNB

Pleschinger: Hungary financially stable, risks remain

The forint’s weaker levels pose no threat to the Hungarian central bank’s inflation goal nor to financial stability but risks...

MNB

International reserves down €33.788 billion in February

Hungary’s international reserves stood at €33.788 billion at the end of February, dropping €324 million 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...