MNB

MNB

MNB: Key inflation indicators climb over 12%

The National Bank of Hungary (MNB) said the increase in headline inflation was mainly driven by higher prices for core...

MNB

MNB weighs measures to expand use of instant payment systems

The National Bank of Hungary (MNB) outlined measures it is considering taking to expand the use of the instant electronic...

MNB

MNB int’l reserves fall EUR 253 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 34.059 billion at the end of May, EUR...

MNB

MNB raises 1-week deposit rate 30 bp to 6.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.75% ahead...

MNB

MNB announces June dates for FX swap tenders

The National Bank of Hungary (MNB) on Friday announced the June dates for FX swap tenders providing euro liquidity and...

MNB

MNB: War rewrites macroeconomic outlook

The Russo-Ukrainian war has rewritten the outlook for the macroeconomy and the banking system, new risks have emerged in the...

MNB

EIB, MNB Agreement Unlocks More Options for Financing Long-term Green Projects

The European Investment Bank and the Magyar Nemzeti Bank (the National Bank of Hungary or MNB) have signed an agreement...

MNB

MNB dep-gov flags smaller rate rise at May policy meeting

The pace of the central bank's tightening cycle could be "halved", National Bank of Hungary (MNB) deputy-governor Barnabas Virág told...

MNB

Opus Global fund manager fined for regulatory shortfalls

The National Bank of Hungary (MNB) on Wednesday said it fined Opus Global Investment Fund Management HUF 10 million for...

MNB

MNB dep gov flags move from ‘aggressive’ to ‘gradual’ policy phase

National Bank of Hungary (MNB) deputy-governor Barnabás Virág said monetary policy is moving from the "aggressive" to the "gradual" phase...

MNB

MNB signs agreement with EIB

The National Bank of Hungary (MNB) and the European Investment Bank (EIB) signed an agreement that the sides said will...

MNB

MNB to review, fine-tune green programs in 2022

This year, the National Bank of Hungary (MNB) will review and fine-tune measures introduced in the framework of its green...

MNB

MNB raises 1-week deposit rate 30 bp to 6.45%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.45% ahead...

MNB

Policymakers raise base rate 100 bp to 5.4%

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

MNB

MNB updates lenders’ guidance for troubled retail borrowers

The National Bank of Hungary (MNB) on Tuesday said it issued an updated set of steps lenders must take before...

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...