MNB

MNB

MNB three-month FX swap tender attracts no bids

The National Bank of Hungary (MNB) received no bids for three-month floating rate EUR/HUF swaps at its weekly tender on...

MNB

MNB three-month FX swap tender attracts no bids

The National Bank of Hungary (MNB) received no bids for three-month floating rate EUR/HUF swaps at its weekly tender on...

MNB

MNB report says stock of delinquent mortgages rises fivefold in two years to end of 2010

The gross stock of bank mortgages whose repayment is over 90 days past due rose to HUF 541.6 billion at...

MNB

MNB report says stock of delinquent mortgages rises fivefold in two years to end of 2010

The gross stock of bank mortgages whose repayment is over 90 days past due rose to HUF 541.6 billion at...

MNB

EU27 government deficit at 6.4% of GDP in 2010

The government deficit of both the euro area and the EU27 decreased in 2010 compared with 2009 while the government...

MNB

EU27 government deficit at 6.4% of GDP in 2010

The government deficit of both the euro area and the EU27 decreased in 2010 compared with 2009 while the government...

MNB

Hungarian banks would need manageable HUF 80 bln under stress – NBH

The level of capitalisation of the Hungarian banking system is in line with requirements under a base scenario and requires...

MNB

Hungarian banks would need manageable HUF 80 bln under stress – NBH

The level of capitalisation of the Hungarian banking system is in line with requirements under a base scenario and requires...

MNB

Hungary financial system stable, but lending activity remains weak

The Hungarian financial system is stable and its ability to absorb adverse shocks is adequate, however, the lending activity of...

MNB

Hungary financial system stable, but lending activity remains weak

The Hungarian financial system is stable and its ability to absorb adverse shocks is adequate, however, the lending activity of...

MNB

Bank levy gives Raiffeisen Bank loss in 2010

Raiffeisen Bank had a loss of HUF 6.9 billion in 2010, but excluding Hungary's extraordinary tax on financial companies 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...