MNB

MNB

MNB Justifies ‘Careful’ Approach to Setting O/N Instrument Rates

The Monetary Council of the National Bank of Hungary (MNB) justified a "careful" and "cautious" approach when setting rates on...

MNB

Int’l Reserves at EUR 39.88 bln in April

The international reserves of the National Bank of Hungary (MNB) stood at EUR 39.88 billion at the end of April,...

MNB

Central Bank Hosts Budapest Renminbi Initiative Conference

The National Bank of Hungary (MNB) hosted the Budapest Renminbi Initiative Conference, which focused on financial interconnectivity and the green...

MNB

Watchdog Fines Trustee Company Over Unlicensed Lending

The National Bank of Hungary (MNB) on Tuesday said it fined Primus Trust Asset Management Zrt. HUF 300 million for...

MNB

Central Bank Preferences Boost Green Lending

Preferential capital requirements for financing environmentally-friendly investments helped lift lenders' green corporate exposure by 50% to HUF 329 billion last...

MNB

Policymakers Leave Base Rate on Hold, Cut O/N Collateralized Loan Rate

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

MNB

MNB Dep Governor Flags Cut to O/N Collateralized Loan Rate

National Bank of Hungary (MNB) deputy governor Barnabás Virág said the central bank's Monetary Council could decide to reduce the...

MNB

MNB Bonds Soak up Banking Sector Liquidity in March

The average stock of National Bank of Hungary (MNB) bonds rose in March, indicating an increase in the banking sector's...

MNB

MNB Int’l Reserves Rise EUR 91 mln in March

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.762 billion at the end of March, up...

MNB

MNB Monetary Council Leaves Base Rate on Hold

The Monetary Council of the National Bank of Hungary (MNB) left the central bank's base rate on hold at 13%...

MNB

MNB Hosts Meeting Strengthening W. Balkan Central Bank Capacities

The National Bank of Hungary (MNB) hosted the third meeting of coordinators of a European Union-funded program to strengthen the...

MNB

Lawmakers Pick Central Bank Policymakers

Legislators voted on the appointments of Éva Búza and Zoltán Kovács as external members of the rate-setting Monetary Council of...

MNB

Ministry of Justice Joins MNB’s CyberShield Program

The Ministry of Justice has joined a campaign launched by the National Bank of Hungary (MNB) to educate and inform...

MNB

Central Bank Governor Criticises Gov’t Policy

National Bank of Hungary (MNB) governor György Matolcsy called out the government for implementing policy measures that have fueled inflation,...

MNB

MNB ‘Firmly Rejects’ Lenders’ Protests Over Reserves Interest

The National Bank of Hungary (MNB) "firmly rejected" protests by the Hungarian Banking Association over changes to the rates the...

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...