MNB

MNB

Savings cooperatives gain 13,500 new clients

Hungarian savings cooperatives gained 13,500 new retail clients as the result of an early foreign currency-denominated mortgage scheme that wound...

MNB

Hungary GDP grows 1.4% yr/yr in Q4, 1.7% in 2011

Hungary's GDP rose 1.4% yr/yr in Q4 last year according to unadjusted figures, the Central Statistics Office (KSH) said on...

MNB

Gov’t, banks reach compromise on participation threshold for exchange rate cap scheme

The government and banks have reached a compromise on the participation threshold for a scheme that caps the exchange rate...

MNB

State debt is obstacle to growth, says rate-setter

The scale of Hungary's state debt stands in the way of putting the country on the path of sustainable economic...

MNB

Hungary international reserves dropped further in February

Hungary's international reserves stood at €34.766 billion at the end of February after €37.242 billion at the end of January,...

MNB

Erste Bank Hungary racks up HUF 157.6 billion loss in 2011

Erste Bank Hungary had a consolidated after-tax loss of HUF 157.6 billion in 2011, the bank said on Thursday, citing...

MNB

Hungarian banks’ lending capacity weakens

Hungarian banks lending capacity is weakening because of deteriorating financing, a quarterly survey of bank lending practices by the National...

MNB

Hungarian banks’ lending capacity weakens

Hungarian banks lending capacity is weakening because of deteriorating financing, a quarterly survey of bank lending practices by the National...

MNB

OTP Bank redeems 100 mln Swiss franc

MNB

OTP Bank redeems 100 mln Swiss franc

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...