MNB

MNB

Hungary default insurance cost drops to fresh year-low

The cost of insuring Hungary's sovereign debt against default fell under 300bp on markets in London....

MNB

About 10% of borrowers avail of exchange rate limit scheme so far

Borrowers with foreign currency-denominated loans participating in a temporary exchange rate limit programme opened 48,773 special accounts related to the...

MNB

Hungary net govt financing requirement 3.6% of GDP in four quarters ending Q2

Hungary's general government net financing requirement reached 1.1% of GDP in the second quarter and was 3.6% of GDP in...

MNB

MNB changes terms of loan facility to encourage corporate lending

The National Bank of Hungary has announced it will change the terms and conditions of its two-year loan facility to...

MNB

Inflation Report highlights rift between rate-setters

A quarterly Inflation Report prepared by the staff of the National Bank of Hungary highlights a rift between the central...

MNB

Conditions ease for retail credit, tighten for corporate loans

Conditions for retail loans eased but corporate credit conditions continued to tighten in the second quarter, according to a survey...

MNB

Interest picks up in exchange rate limit scheme

An exchange rate limit scheme under which retail fx borrowers can temporarily cap their repayments, has attracted increased interest at...

MNB

Stronger forint supports fall in state debt

Hungary's state debt as a percentage of GDP could fall further this year, mainly because of the firming forint, Government...

MNB

Hungary intl reserves rise to €35.9 bln in July

Hungary's international reserves stood at €35.899 billion at the end of July, rising from €35.575 billion a month earlier, fresh...

MNB

Number of bank cards in Hungary reaches 8,764,000

There were 8,764,000 bank cards in Hungary at the end of June, down about 7,000 from the end of March,...

MNB

Erste Group losses in Hungary widen

Erste Group booked a €72.7 million net loss at its business in Hungary in the first half, growing from a...

MNB

Hungary among six EU members registering drop in gov’t debt in Q1 – Eurostat

Hungary was one of six European Union member states registering a decrease in their government debt ratio in the first...

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...