MNB

MNB

MNB Extends Maturity of EUR 4 bln ECB Repo Line

The National Bank of Hungary (MNB) on Thursday said the maturity of a EUR 4 billion repo line agreement it...

MNB

MNB Raises Classic Life Insurance Policy Yield Threshold

The National Bank of Hungary (MNB) on Wednesday said it is raising the maximum threshold for guaranteed yields on classic...

MNB

MNB Int’l Reserves Rise EUR 633 mln in November

International reserves of the National Bank of Hungary (MNB) stood at EUR 37.517 billion at the end of November, up...

MNB

MNB Warns of ‘Harmful Consequences’ of Rate Caps

Interest rate caps the government has rolled out for households with mortgages and SMEs may reduce borrowers' repayment burden, but...

MNB

Watchdog Fines OTT-ONE, Threatens Delisting

The National Bank of Hungary (MNB) on Wednesday said it fined listed IT company OTT-ONE HUF 2 million for repeated...

MNB

MNB Fines CreditLure for Unlicenced Activities

The National Bank of Hungary (MNB) on Monday said it fined CreditLure HUF 43 million for providing unlicensed financial services,...

MNB

MNB Int’l Reserves Fall EUR 1.856 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.884 bln at the end of October, down...

MNB

MNB Fines 9 Banks HUF 18 mln

Based on an investigation by the National Bank of Hungary (MNB), the banking sector was able to comply with the...

MNB

MNB Justifies ‘Close Monitoring’ of Lending Portfolio Quality

The quality of Hungarian banks' lending portfolio requires no macroprudential intervention at present, but "close monitoring is justified", the National...

MNB

MNB Raises O/N Collateralised Lending Rate by 950 bp to 25%

The Monetary Council of the National Bank of Hungary (MNB) on Friday announced a decision to raise the rate on...

MNB

MNB Int’l Reserves Rise EUR 2.23 bln in September

International reserves of the National Bank of Hungary (MNB) stood at EUR 38.74 bln at the end of September, up...

MNB

MNB Allots HUF 2 bln at Discount Bill Auction

The National Bank of Hungary (MNB) allotted HUF 2 billion of discount bills at the first auction of the liquidity...

MNB

MNB Announces Launch Dates for Deposit Tender, Discount Bill Auction

The National Bank of Hungary (MNB) on Tuesday announced launch dates for a variable-rate deposit tender and a regular auction...

MNB

MNB Augurs Slowdown in Pace of Inflation After September

The National Bank of Hungary (MNB) expects CPI to continue to rise for the rest of the year, albeit at...

MNB

MNB Raises 1-Week Deposit Rate to 13%, Level With Base Rate

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 125 bp to 13% ahead...

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...