MNB

MNB

Hungary net gov’t financing requirement 4.8% of GDP in four quarters ending Q1

Hungary's general government net financing requirement reached 3.1% in the first quarter of 2011 and reached 4.8% of GDP in...

MNB

GKI raises inflation forecast for 2012

Hungarian economic research company GKI raised its projection for average annual inflation in 2012 from 5.3% forecast in March to...

MNB

MNB cuts inflation projection, projects GDP contraction for 2012

The National Bank of Hungary (MNB) cut its projection for average annual inflation in 2012 to 5.3% from a 5.6%...

MNB

Swiss franc remains firm if crisis goes on

It’s not the Swiss franc’s strength that made it so attractive amongst asset managers and investors, but the weakness and...

MNB

2013 budget bill targets 2.2% ESA deficit to GDP

Hungary's government submitted the 2013 budget bill with a targeted Maastricht-conform general government deficit of HUF 686.5 billion or 2.2%...

MNB

Interest picks up for exchange rate limit scheme

The number of borrowers with foreign currency-denominated loans interested in participating in an exchange rate limit program has jumped since...

MNB

Tightening of credit conditions not as broad as expected, MNB said

Credit conditions for corporate and retail clients of Hungarian lenders were reported to have tightened in the first quarter, according...

MNB

Haggling or juggling?

News about the amendment of the central bank act is frequently updated nowadays. The government is seemingly doing its best...

MNB

Haggling or juggling?

Since 2011 December Hungarian government has permanently been reinforced its willingness to negotiate about loan with the International Monetary Fund....

MNB

IMF/EU deal would cut Hungary yields 1.5-2pp

Reaching an agreement on financial assistance from the International Monetary Fund and the European Union could reduce yields on Hungarian...

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...