MNB

MNB

International reserves fall in August

Hungary’s international reserves stood at €30.55 billion at the end of August, falling €3.18 billion from €33.73 billion a month...

MNB

Final charge against foreign currency loans

The government remains ardent in its crusade against foreign currency mortgages and is preparing to launch another wave of bailouts....

MNB

PwC on Austria banks: Hungary, Romania worst performers

Multinational professional services firm PricewaterhouseCoopers (PwC) has released a new report on Austria-based asset quality, not surprisingly listing Hungarian and...

MNB

Bank execs: “Funding For Growth” too brief, ineffective

At a Joint Venture Association conference yesterday, OTP Bank Deputy CEO László Wolf suggested that Hungarian SMEs tend to prefer...

MNB

Government weighing proposals by banks, MNB

Hungary's government is considering National Bank of Hungary (MNB) proposals on assistance for borrowers with forex-based mortgages as well as...

MNB

MNB key rate drops to 3.80%

The National Bank of Hungary (MNB) announced its key interest rate today, with the new rate 3.80%; though this was...

MNB

Analysis: CEE economies growing; recovery remains fragile

Positive economic metrics across the region indicate overall improvements, although subdued demand means that recovery is tenuous, US-based independent researchers/analysts...

MNB

Analysis: CEE economies growing; recovery remains fragile

Positive economic metrics across the region indicate overall improvements, although subdued demand means that recovery is tenuous, US-based independent researchers/analysts...

MNB

Forex-loan conversion could be mandatory

In a preview for an extensive interview appearing in today’s print version of Heti Valasz, National Economy Ministry State Secretary...

MNB

Retail lending stock contracts despite higher borrowing in Q2

The retail lending stock of the Hungarian banking sector fell in the second quarter of 2013 despite higher loan disbursement,...

MNB

MKB sells Bulgarian interests

More Hungarian/international banking news this morning, as Bulgaria-based First Investment Bank (FIB) has announced its full purchase of MKB Unionbank...

MNB

International reserves down again, approaching 2010 levels

The National Bank of Hungary (MNB) released data today on the state of the country’s international reserves, figures which show...

MNB

Moody’s: Poor investment climate in Hungary to continue

International advisory/research firm Moody’s Investors Service released its latest “Banking System Outlook: Hungary” report this morning, which ultimately concludes that...

MNB

Report: Forex mortgage loan relief proposal scrapped

The controversial, radical and potentially incredibly expensive proposal to retroactively rework mortgage loans based in foreign currency has been scrapped,...

MNB

Hungarian SMEs still undertake foreign currency risk

Hungarian enterprises' sentiment towards loans changed positively due to the "Funding for Growth Scheme" of the National Bank of Hungary...

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...