MNB

MNB

EUR/HUF above 300 would harm economy, says City

Hungary is now less sensitive to HUF weakness because the share of foreign currency debt in the overall debt burden...

MNB

Savings-cooperative integration lending to SMEs rises 7% yr/yr in Q1-Q3 2012

The 106 members of Hungary's savings-cooperative integration lent 7% more money to SMEs in the first three quarters of 2012...

MNB

MNB base rate could fall to as low as 4.5%

Takarékbank Senior Analyst Gergely Suppan said on Wednesday evening that he believes the National Bank of Hungary (MNB) could reduce...

MNB

OTP Bank pulls out of Romanian brokerage market

OTP Bank Romania, a unit of Hungary's OTP Bank, will discontinue its brokerage operations, Romania's Mediafax news agency said on...

MNB

State to take over HUF 95 bln-100 bln of local council debt this year

The state will take over all of the debt of local councils in communities with populations under 5,000 before the...

MNB

EU transfers lift central bank foreign assets in October

European Union transfers received in October raised the central bank's foreign assets in an end-of-month comparison, offsetting the drop caused...

MNB

Financial system stable, but lending activity still low, MNB report reveals

The resilience of Hungary's financial system is "adequate" in terms of capital and liquidity, but banks' willingness to lend to...

MNB

MNB to press on with easing amid benign risk backdrop, says City

Dovish external members of the Hungarian central bank's monetary policy council are likely to push through another 25bp interest rate...

MNB

Hungary to take over credit from debt-laden municipalities

Hungary’s central government will take over HUF 612 billion of local council debt to ease the burden on municipalities and...

MNB

Simor urges end to “vicious cycle” of burdening banks

National Bank of Hungary governor András Simor on Tuesday pressed for an end to the "vicious cycle" of placing state...

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...