MNB

MNB

MNB Raises Base Rate by 125 bp to 13%

The Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 125 bp to...

MNB

MNB Raises Mandatory Reserve Requirement to 5% From Oct 1

Local lenders' mandatory reserve requirement will rise from 1% to 5% from October 1, in line with a decision by...

MNB

Rate-Setters Highlight ‘Key Role’ of Effective Monetary Transmission

Members of the Monetary Council of the National Bank of Hungary (MNB) pointed to the "key role" played by the...

MNB

MNB Researches Financial Risks Posed by Decline in Biodiversity

The National Bank of Hungary (MNB) on Thursday announced the launch of a European Union-funded research project that will assess...

MNB

MNB Reveals End-Quarter FX Swap Tenders, Discount Bill Auction Dates

The National Bank of Hungary (MNB) on Wednesday announced dates for end-of-quarter FX swap tenders providing euro liquidity and short-term...

MNB

MNB Int’l Reserves Rise EUR 663 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.506 billion at the end of August, up...

MNB

MNB Raises 1-Week Deposit Rate by 100 bp to 11.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 100 bp to 11.75% ahead...

MNB

MNB Raises Base Rate by 100 bp to 11.75%

The Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 100 bp to...

MNB

Banking Sector Forint Liquidity Rose in July

Forint liquidity of Hungary's banking sector grew in July, reflected by rises in the average stocks of overnight and one-week...

MNB

Cash in Circulation Increased in July

The amount of cash in circulation increased even further in July, even though the Hungarian monetary deterioration reached its 24-year...

MNB

MNB Deputy Governor Warns of Autumn Recession

According to National Bank of Hungary (MNB) Deputy Governor Barnabás Virág, there is a very serious risk of a global...

MNB

MNB Updates Green Recommendation

The National Bank of Hungary (MNB) on Friday announced the issue of an update to its supervisory recommendation for lenders...

MNB

MNB Int’l Reserves Fall EUR 1.639 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 35.841 billion at the end of July, down...

MNB

MNB commitment to price stability undoubted, says dep gov

In the current extraordinary environment, only decisive, credible monetary policy, based on a step-by-step approach, can lead to success, and...

MNB

MNB raises 1-week deposit rate by 100 bp to 10.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 100 bp to 10.75% 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...