MNB

MNB

MNB raises base rate by 100 bp to 10.75%

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

MNB

Pallas Athene Foundation assets close to HUF 281 bln

Assets of the National Bank of Hungary's Pallas Athene Foundation reached HUF 281.2 billion at the end of the second...

MNB

MNB augurs improvement in external balance indicators from 2023

The National Bank of Hungary (MNB) attributed a continuing decline in Hungary's external balance indicators to a worsening trade balance...

MNB

MNB cautions Revolut clients in Hungary

The National Bank of Hungary (MNB) on Tuesday repeated a warning concerning the lack of local deposit insurance and legal...

MNB

MNB to hold daily FX swap tenders providing EUR liquidity from Jul 15

The National Bank of Hungary (MNB) on Thursday said it will start holding FX swap tenders providing euro liquidity on...

MNB

MNB raises base rate by 200 bp to 9.75%

The Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 200 bp to...

MNB

MNB holds 1st within-quarter euro liquidity swap tender

The National Bank of Hungary (MNB) held its first swap tender providing euro liquidity within a quarter on Friday, according...

MNB

MNB raises 1-week deposit rate 200 bp to 9.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 200 bp to 9.75% ahead...

MNB

MNB expects inflation to peak in the fall

The National Bank of Hungary (MNB) said it expects inflation to peak in the fall months and then start to...

MNB

MNB base rate could climb above 10%, City analysts say

According to the significantly revised forecasts of London-based emerging markets analysts, the base rate of the National Bank of Hungary...

MNB

Policymakers raise base rate 185 bp to 7.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 185...

MNB

MNB fines Bankmentor HUF 70 mln

The National Bank of Hungary (MNB) on Monday said it fined Bankmentor HUF 70 mln for providing unlicensed financial brokerage...

MNB

MNB adds FX swap tender in June

The National Bank of Hungary (MNB) on Friday said it will hold a two-week FX swap tender providing euro liquidity...

MNB

MNB raises 1-week deposit rate 50 bp to 7.25%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 50 bp to 7.25% ahead...

MNB

MNB allows lenders to include FX funding for mortgage ratio calculation

The National Bank of Hungary (MNB) will allow lenders to include FX funding in the calculation of the Mortgage Funding...

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...