MNB

MNB

Audit office: 2014 deficit target can be met

The Hungarian Audit Office (ÁSz) today released an opinion which reckons that the central government’s 2014 deficit target can be...

MNB

IMF: Hungary state debt will rise in 2014

The International Monetary Fund (IMF) sees Hungary's gross state debt rising from 79.8% at the end of 2013 to 80%...

MNB

New exchange rate limit contracts drop sharply in August

The number of borrowers with forex-based loans freshly joining the government's exchange rate limit scheme dropped sharply in August: The...

MNB

Rate-setter: MNB will apply reserves to forex loans

The National Bank of Hungary (MNB) is likely to use some of its foreign currency reserves to support a government...

MNB

2014 budget bill: Key projections, highlights

The sitting government submitted its budget bill for 2014 to Parliament yesterday and as the review/approval process gets started, BBJ...

MNB

MNB puts core inflation at 3.5% in 2013, 3.8% in ’14

The National Bank of Hungary projects core inflation, which excludes volatile fuel and food prices, to average 3.5% in 2013...

MNB

Morgan Stanley on MNB key rate: “A bull case”

Cutting the base rate is now not the only, or even the main, form of monetary easing that Hungary's central...

MNB

ÁKK considering basing bonds in lira, Asian currencies

Bond issuances before the end of 2013 seem inevitable, given the documentation filed with the U.S. Securities Exchange Commission (SEC)...

MNB

MNB could change Funding For Growth conditions

The Monetary Council of the National Bank of Hungary (MNB) will analyze the effect on the room for maneuver of...

MNB

WSJ analysts: MNB key rate to be 3.60%

The workday after Reuters reported its results of a poll taken among analysts regarding changes to the key rate by...

MNB

Government retreats from war on public debt

The government is slackening what has long been one of its core principles of constantly paying off debts seeing it...

MNB

Dollar bond issue in mid-October?

In an interview with news outlet Magyar Hírlap yesterday, Government Debt Management Agency (ÁKK) deputy director László András Borbély stated...

MNB

Government files with SEC, seeks to move $5 billion in debt

The US Securities and Exchange Commission (SEC) has announced that the government of Hungary has filed documentation that will allow...

MNB

MVM to borrow €347 million to finance E.ON purchase

An extraordinary general meeting of 99% state-owned Hungarian energy group MVM on Friday unanimously approved a proposal for the company...

MNB

MNB extends, tops up Funding for Growth scheme

The National Bank of Hungary (MNB) is extending its Funding for Growth Scheme until the end of next year and...

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...