MNB

MNB

Gov’t to fix exchange rate to help debtors

In order to help troubled foreign-currency debtors, the government plans to freeze the forint-Swiss franc exchange rate at about HUF...

MNB

Gov’t to fix exchange rate to help debtors

In order to help troubled foreign-currency debtors, the government plans to freeze the forint-Swiss franc exchange rate at about HUF...

MNB

Value of new retail loans drops in January

The value of new retail loans signed by Hungarian banks fell in January from previous months, fresh data published by...

MNB

Value of new retail loans drops in January

The value of new retail loans signed by Hungarian banks fell in January from previous months, fresh data published by...

MNB

Bank tax is not solely to blame for banks’ profit dive

The after-tax profits of Hungarian banks in 2010 fell back to one-fifths of their 2009 results, which was widely communicated...

MNB

Bank tax is not solely to blame for banks’ profit dive

The after-tax profits of Hungarian banks in 2010 fell back to one-fifths of their 2009 results, which was widely communicated...

MNB

Risk-averse banks cause credit conditions to tighten

The liquidity position of Hungarian banks is adequate, but low inclination to take risk has caused a tightening of credit...

MNB

Risk-averse banks cause credit conditions to tighten

The liquidity position of Hungarian banks is adequate, but low inclination to take risk has caused a tightening of credit...

MNB

Worsening of Hungarian banks’ loan quality near halts in Q4

The former rapid deterioration of Hungarian banks' lending portfolio has slowed or nearly halted in the last quarter of 2010,...

MNB

Worsening of Hungarian banks’ loan quality near halts in Q4

The former rapid deterioration of Hungarian banks' lending portfolio has slowed or nearly halted in the last quarter of 2010,...

MNB

Bank levy eats up profits in 2010, PSzÁF data show

Hungarian banks had combined after-tax profit of HUF 38.5 billion in 2010, down sharply from HUF 209.1 billion in 2009,...

MNB

Bank levy eats up profits in 2010, PSzÁF data show

Hungarian banks had combined after-tax profit of HUF 38.5 billion in 2010, down sharply from HUF 209.1 billion in 2009,...

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...