MNB

MNB

Parent bank books €392 mln loss at MKB in 2011

Hungary's MKB Bank had a loss of €392 million in 2011, its parent bank, Germany's BayernLB, said in its report...

MNB

Total assets of RBI business in Hungary fall 14% in 2011

Total assets of Raiffeisen Bank International's (RBI) business in Hungary fell 14.2% to €7.32 billion at the end of 2011...

MNB

CPI could fall to 3% in H1 2013 – MNB

Consumer price inflation in Hungary could fall to the 3% "price stability" target in the first half of 2013, the...

MNB

MNB raises inflation projection for 2012

MNB

MNB to offer two-year loans from Apr 3

The National Bank of Hungary (MNB) on Tuesday said it will offer banks two-year collateralized loans at tenders once a...

MNB

Hungary foreign issue may happen before IMF deal if market favorable

Hungary could tap foreign markets with a foreign currency bond even before an agreement on a loan with the EU...

MNB

Hungary foreign bond issue to follow IMF agreement

The Hungarian government is committed to reaching an agreement with the IMF/EU as soon as possible, and a foreign bond...

MNB

No IMF/EU deal before 3Q

Hungary is not likely to secure a deal with the IMF and the EU on a new loan package before...

MNB

Parliament approves assistance measures for FX borrowers

Parliament approved late on Monday legislation that establishes assistance measures for borrowers with foreign currency-denominated mortgages, as earlier agreed on...

MNB

Almost 170,000 borrowers participate in early FX mortgage repayment scheme

Financial market regulator PSzÁF on Monday said 169,256 borrowers with foreign currency-denominated mortgages availed of a scheme allowing early repayment...

MNB

Forint liquidity of Hungary banks falls in Feb on repayment scheme

Forint liquidity of the banking sector fell further in February....

MNB

MNB sells lenders €2.5 bln of euros to support early FX repayment

Lenders made €2.489 billion of euro purchases from the National Bank of Hungary (MNB) to cover early repayments of foreign...

MNB

Forint liquidity of Hungary banks falls on repayment scheme

Similar to the previous two months, forint liquidity of Hungary's banking sector fell in February from a month earlier mainly...

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...