MNB

MNB

RBI reports €81 million loss in Hungary through Q3

Yesterday’s release of a Q3 earnings report for Raiffeisen Bank International (RBI) showed that the financial institution has taken an...

MNB

MNB governor: Easing cycle can continue

The National Bank of Hungary (MNB) can continue its easing cycle as long as the rate of inflation continues to...

MNB

“Hundreds of thousands” could participate in fx loan bailout plan

Recently approved legislation that broadens the eligibility for an exchange rate cap scheme could attract borrowers “in the hundreds of...

MNB

Deputy CEO: Taxes “significantly burden” OTP Bank profitability

After an announcement of not exactly shining third-quarter results, OTP Bank deputy CEO László Bencsik stated at a press conference...

MNB

EBRD revises Hungary GDP growth forecast upward

In step with analysts at JP Morgan, the European Bank for Reconstruction and Development (EBRD) raised its forecast for GDP...

MNB

JP Morgan upgrades Hungary growth forecast

JP Morgan said on Friday it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a...

MNB

Central bank: Hungarian system “highly stable”

Hungary’s domestic banking system remains “highly stable,” the National Bank of Hungary (MNB) said in a biannual report on Thursday....

MNB

Foreclosure pressure increasing in Hungary

It is no longer a novelty that a large percentage of banks operating in Hungary are loss making. Those that...

MNB

Forex loan legislation to provide incentives for banks

A last-minute amendment to legislation assisting Hungarians with foreign currency-denominated loans gives lenders an incentive to forgive part of borrowers’...

MNB

European Commission assessment of 2014 government deficit: 3.0%

The European Commission projected Hungary’s general government deficit would reach the 3.0% of GDP European Union threshold in 2014 in...

MNB

Fidesz forex solution to lift most preexisting conditions for borrowers

A bill of amendment submitted by two governing Fidesz party MPs proposes to lift most of the existing conditions for...

MNB

MBSz proposal: Write off part of forex loan debt

The Hungarian Banking Association (MBSz) is proposing writing off part of the debt of borrowers who join a scheme that...

MNB

Rogán: Legal solution could be option for forex loan problem

A legal solution could be the best option for Hungarian borrowers with foreign currency-denominated loans, Fidesz parliamentary group leader Antal...

MNB

ECB gov warns Orbán on forex loan measures

European Central Bank governor Mario Draghi has warned Hungarian Prime Minister Viktor Orbán against uncoordinated steps regarding the country's big...

MNB

Central bank: Forint liquidity up in September

Forint liquidity of the Hungarian banking sector rose in September, as evidenced by a rise in the average holdings of...

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...