MNB

MNB

MNB Policymakers Leave 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 O/N Deposits Soak up Banking Sector Liquidity in January

The average stock of O/N deposits allocated by the National Bank of Hungary (MNB) at daily quick tenders rose by...

MNB

Rate-setters Augur Faster Disinflation in Q2 – Minutes

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that disinflation would speed up in the...

MNB

MNB Int’l Reserves Climb EUR 1.553 bln in January

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.261 billion at the end of January, up...

MNB

MNB Raising Lenders’ Reserve Ratio

At a press conference after the monthly policy meeting of the Monetary Council, National Bank of Hungary (MNB) deputy governor...

MNB

MNB Leaves Base Rate on Hold at 13%

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

MNB

MNB Lifts Suspension of Clearance for Alteo Acquisition

The National Bank of Hungary (MNB) has lifted the suspension of a clearance procedure for a mandatory public purchase offer...

MNB

MNB Business Confidence Index Edges Higher in December

The business confidence index of the National Bank of Hungary (MNB) rose to -5 points in December from -7 points...

MNB

MNB Bonds Soak up Banking Sector Liquidity in December 

Average stock of bonds issued by the National Bank of Hungary (MNB) rose to HUF 700 billion in December from...

MNB

Financial Market Watchdog Publishes Updated Strategy

The National Bank of Hungary (MNB) on Tuesday published its updated mid-term strategy for oversight of the financial sector, according...

MNB

Rate-setters Justify ‘Patient Approach’ at Dec Meeting

Members of the Monetary Council of the National Bank of Hungary (MNB) acknowledged the agreement reached on the country's European...

MNB

MNB Int’l Reserves Rise EUR 1.184 bln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 38.706 bln at the end of December, up...

MNB

Rate-setters Ready for ‘Appropriate Actions’ if Risks Increase

The Monetary Council of the National Bank of Hungary (MNB) said that maintaining the current level of the base rate...

MNB

MNB 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

Matolcsy Made Case for Price Cap Phaseout in Early December

National Bank of Hungary (MNB) governor György Matolcsy argued for the phaseout of government-mandated price caps because of their indirect...

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...