MNB

MNB

SPDR Gold Trust holdings dip more than 10 tons

The SPDR Gold Trust GLD, the world’s largest gold-backed exchange traded fund, said it sold more than 10 tons of...

MNB

SPDR Gold Trust holdings dip more than 10 tons

The SPDR Gold Trust GLD, the world’s largest gold-backed exchange traded fund, said it sold more than 10 tons of...

MNB

Czech PPF buys 50% stake in Russian Eldorado

A Russian business daily said on Wednesday the Czech Republic’s PPF Group has purchased 50% of shares in Russia’s largest...

MNB

Czech PPF buys 50% stake in Russian Eldorado

A Russian business daily said on Wednesday the Czech Republic’s PPF Group has purchased 50% of shares in Russia’s largest...

MNB

Russia says further cuts Freddie, Fannie holding

Russia has slightly further reduced its holdings of US mortgage agencies Freddie Mac and Fannie Mae, central bank's first deputy...

MNB

Russia says further cuts Freddie, Fannie holding

Russia has slightly further reduced its holdings of US mortgage agencies Freddie Mac and Fannie Mae, central bank's first deputy...

MNB

US credit problems far from over

Troubled loans keep rising and US banks will need to shore up their reserves to cover potential losses for the...

MNB

US credit problems far from over

Troubled loans keep rising and US banks will need to shore up their reserves to cover potential losses for the...

MNB

European investment banks’ dividends at risk

European investment banks are unlikely to return to double-digit revenue growth “anytime soon” and their dividends are at risk due...

MNB

European investment banks’ dividends at risk

European investment banks are unlikely to return to double-digit revenue growth “anytime soon” and their dividends are at risk due...

MNB

Banks shift funds out of US to Europe

Banks transferred funds out of the United States and into Europe in the first three months of 2008 as they...

MNB

Banks shift funds out of US to Europe

Banks transferred funds out of the United States and into Europe in the first three months of 2008 as they...

MNB

CIB Bank H1 profit inches up 3% to Ft 20.4 bln

Hungary’s CIB Bank's consolidated H1 IFRS after-tax profit rose 3% to Ft 20.4 billion from the same period a year...

MNB

CIB Bank H1 profit inches up 3% to Ft 20.4 bln

Hungary’s CIB Bank's consolidated H1 IFRS after-tax profit rose 3% to Ft 20.4 billion from the same period a year...

MNB

New CEO wants to transform BKV into holding, privatize some units

István Kocsis, the Budapest Public Transport Company’s (BKV) new CEO, wants to transform BKV into a holding company and partially...

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...