MNB

MNB

Analysts expect no change in Hungary base rate, IMF deal at year-end

Hungary's central bank will keep its interest rates on hold next week, analysts polled by Reuters between May 22-24 said....

MNB

Hungary net financing requirement 1.9% of GDP in Q1

General government net financing requirement amounted to HUF 1,262 billion, or 4.4% of Hungary’s GDP in the four quarters through...

MNB

Households’ net financing capacity decreased to 5.3% of GDP in Q1

Household net lending, or net financing capacity, HUF 1,489 billion, was equivalent to 5.2% of GDP in the four quarters...

MNB

Parliament should approve key figures of 2013 budget, tax laws before summer recess, PM suggests

Prime Minister Viktor Orbán has asked the parliamentary group of the governing Fidesz-KDNP alliance to approve the key figures of...

MNB

Rate-setters say banking system stable, but ability to support growth weakened

The rate-setting Monetary Council of the National Bank of Hungary said the country's banking system is stable and resilient, but...

MNB

MNB starts euro sales to support conversion of delinquent fx loans

The National Bank of Hungary (MNB) is to begin euro sale operations to convert non-performing foreign currency loans delinquent for...

MNB

Forint liquidity of banks rose slightly in March

Forint liquidity of the banking sector rose slightly in March relative to the previous month as central bank FX swaps...

MNB

Hungary international reserves drop €128 mln in March

Hungary's international reserves stood at €34.642 billion at the end of March, dropping €128 million from the end of February,...

MNB

Kopint-Tárki 2012 GDP-growth projection remains unchanged at 0.3%

Economic-research company Kopint-Tárki's fresh economic report projects GDP growth of 0.3% in Hungary this year, unchanged from the figure in...

MNB

New exchange rate limit scheme available from Monday

The government's new exchange-rate limit scheme was launched from Monday, available to borrowers who took out forex loans worth a...

MNB

Early FX mortgage repayments boost net household savings in Q4

Early fx mortgage repayments under a government scheme boosted net household savings to 8.1% of quarterly GDP in the last...

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...