MNB

MNB

Gold price fundamentals remain sound

The link between the gold price and the strength of the US dollar has been clearly illustrated in the last...

MNB

Brussels to involve in regulating Romania real estate credits

After witnessing the ongoing real estate credit crisis in the United States, the European Union may introduce a series of...

MNB

Brussels to involve in regulating Romania real estate credits

After witnessing the ongoing real estate credit crisis in the United States, the European Union may introduce a series of...

MNB

Gold rallies hard as euro hits new record high ahead of Fed minutes

Spot gold prices leapt 2.2% from a new four-week low in Asian and early London trade on Tuesday, breaking above...

MNB

Gold rallies hard as euro hits new record high ahead of Fed minutes

Spot gold prices leapt 2.2% from a new four-week low in Asian and early London trade on Tuesday, breaking above...

MNB

Swiss Re to take $1.1 bln loss after insuring swaps

Swiss Re on Monday said it was taking a $1.1 billion (1.2 billion Swiss franc) loss after insuring a client’s...

MNB

Swiss Re to take $1.1 bln loss after insuring swaps

Swiss Re on Monday said it was taking a $1.1 billion (1.2 billion Swiss franc) loss after insuring a client’s...

MNB

Magyar Telekom initiated withdrawal of credit ratings

Magyar Telekom, the leading Hungarian telecommunications service provider, announced that it has initiated the withdrawal of its credit ratings from...

MNB

Magyar Telekom initiated withdrawal of credit ratings

Magyar Telekom, the leading Hungarian telecommunications service provider, announced that it has initiated the withdrawal of its credit ratings from...

MNB

US Fed pumps $47.25 billion into financial system

The US Federal Reserve said Thursday that it had pumped $47.25 billion into the nation’s financial system to help ease...

MNB

US Fed pumps $47.25 billion into financial system

The US Federal Reserve said Thursday that it had pumped $47.25 billion into the nation’s financial system to help ease...

MNB

Bank of America to writedown $3 billion

Bank of America, the second-largest US financial institution, said Tuesday it will have to writedown about $3 billion in debt...

MNB

Bank of America to writedown $3 billion

Bank of America, the second-largest US financial institution, said Tuesday it will have to writedown about $3 billion in debt...

MNB

Goldman holds more sour debts than rival firms

Goldman Sachs Group Inc held a bigger proportion of hard-to-value assets at the end of the Q3 than Citigroup Inc...

MNB

Goldman holds more sour debts than rival firms

Goldman Sachs Group Inc held a bigger proportion of hard-to-value assets at the end of the Q3 than Citigroup Inc...

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...