MNB

MNB

Ukraine, weak forint put economy on edge of turmoil

From the Budapest Business Journal print editon: Hungary’s economy exceeded expectations with impressive growth in the fourth quarter. The result...

MNB

EC raises GDP growth projection to 2.1% for 2014, ‘15

The European Commission (EC) raised its projection for GDP growth in Hungary this year to 2.1% in a forecast released...

MNB

Nomura on Hungary: forex loan policy a mess

Representatives of international research firm Nomura visited Budapest earlier this month in meetings with officials from the National Economy Ministry,...

MNB

State to assume Budapest’s HUF 100 billion debt

Hungary’s central government is to take over HUF 100.7 billion in debt from the Budapest city council by February 28...

MNB

Just 316 join forex-loan cap scheme in November

An exchange rate cap scheme designed to assist borrowers with foreign currency-denominated loans attracted 316 new participants in November, just...

MNB

Central Bank closes in the black for 2013

The National Bank of Hungary (MNB) finished 2013 in the black, according to preliminary data, the central bank reported yesterday....

MNB

MNB: Government debt at 80.2% of GDP

According to figures released by the National Bank of Hungary (MNB) today, the central government’s consolidated gross debt was at...

MNB

Households repaying loans, borrowing stock still rising

Hungarian households repaid more foreign currency-based loans to domestic banks than they borrowed in forints in November, but their borrowing...

MNB

Report: >25% of Hungarian debt held by European banks

As of July 1, some 25.3% of Hungary’s €18.489 billion debt was held by 33 banks based outside the country,...

MNB

Parliament approves 2014 budget bill, more

Most important on the agenda in Parliament yesterday was the central budget bill for 2014 which as expected passed on...

MNB

MNB: Inflation 1.7% in 2013, 1.3% in ‘14

The National Bank of Hungary (MNB) lowered its inflation forecasts for 2013 and 2014, figures from its latest quarterly inflation...

MNB

EC: Positive changes in Hungarian macroeconomy, risks remain

The European Commission on Wednesday welcomed positive macroeconomic changes in Hungary and said economic growth could accelerate, but it warned...

MNB

Court rules against bank in forex loan case

A single case involving forex-based loans has been ruled upon and with some 2,500 more lawsuits awaiting judgment, a precedent...

MNB

Just 209 join exchange rate cap scheme in October

An exchange rate cap scheme designed to assist borrowers with foreign currency-denominated loans attracted 209 new participants in October, just...

MNB

Bankmonitor: Hungary home loans more expensive than CE’s

Interest rates and monthly repayment installments on home loans are substantially higher in Hungary than in Germany, Austria or Slovakia,...

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...