MNB

MNB

Hungary surplus on services almost doubles as export grows in 2010

Hungary had a EUR 2.68 billion surplus in trade of services in 2010, almost double the EUR 1.42 billion surplus...

MNB

MNB allocates €5 mln of three-month FX swap at weekly tender

The National Bank of Hungary (MNB) received and accepted EUR 5 million bids for three-month floating rate EUR/HUF swaps at...

MNB

MNB allocates €5 mln of three-month FX swap at weekly tender

The National Bank of Hungary (MNB) received and accepted EUR 5 million bids for three-month floating rate EUR/HUF swaps at...

MNB

Hungary CDS spreads fall on S&P assessment of restructuring plan

The cost of insuring Hungary's sovereign debt fell in trade in London on Thursday after Standard & Poor's affirmed the...

MNB

Hungary CDS spreads fall on S&P assessment of restructuring plan

The cost of insuring Hungary's sovereign debt fell in trade in London on Thursday after Standard & Poor's affirmed the...

MNB

Eastern European central banks may ignore ECB signal to raise interest rates

Eastern Europe’s central banks will probably keep interest rates unchanged in the coming weeks as they try to bolster an...

MNB

Eastern European central banks may ignore ECB signal to raise interest rates

Eastern Europe’s central banks will probably keep interest rates unchanged in the coming weeks as they try to bolster an...

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...