MNB

MNB

New credit crunch looms

Fresh turmoil in the global debt markets has set off sharp falls in commodity prices and high-risk assets as investors...

MNB

Euro Zone Gov’t deficit drops to 1.5%, – Hungary’s highest in 2006

The government deficit in the Euro area decreased to 1.5% of GDP in 2006, the Eurostat said Monday....

MNB

Euro Zone Gov’t deficit drops to 1.5%, – Hungary’s highest in 2006

The government deficit in the Euro area decreased to 1.5% of GDP in 2006, the Eurostat said Monday....

MNB

Russia to join cancellation of Liberia’s $700 mln debt

Russia will join efforts to write off Liberia’s $700 million debt to the World Bank, the Russian finance minister said...

MNB

Russia to join cancellation of Liberia’s $700 mln debt

Russia will join efforts to write off Liberia’s $700 million debt to the World Bank, the Russian finance minister said...

MNB

Russia repays $343 mln US agriculture debt ahead of time

Russia has repaid the remaining $343.25 million of its agriculture debt to the US ahead of schedule, saving $46.7 million...

MNB

Russia repays $343 mln US agriculture debt ahead of time

Russia has repaid the remaining $343.25 million of its agriculture debt to the US ahead of schedule, saving $46.7 million...

MNB

Bankers calm over East Europe loans

Central Europe’s love affair with foreign currency loans needs careful management, but it does not pose a risk to stability,...

MNB

Bankers calm over East Europe loans

Central Europe’s love affair with foreign currency loans needs careful management, but it does not pose a risk to stability,...

MNB

Bulgarian, Romanian & Czech current-account gaps widened

Bulgaria’s current-account deficit widened to 12%, the Czech gap widened in August to the biggest monthly gap in three years,...

MNB

Gold up 27-year high after dollar declines; silver rises

Gold rose to a 27-year high in London on speculation that a decline in the dollar will prompt investors to...

MNB

Evraz Group may issue Eurobonds to refund $1.8 bln loan

A spokesman for the Evraz Group S.A. said on Friday the company is considering the issue of Eurobonds to refund...

MNB

World Bank pledges aid boost for world’s poorest nations

World Bank member countries pledged Thursday to more than double the bank’s aid to the poorest countries and agreed to...

MNB

Romanian market sees low risk from US subprime credit crisis

The risk that the Romanian market gets contaminated by the US subprime mortgage crisis is low, Alpha Bank Romania Executive...

MNB

IMF warns of risks in financial markets

Fallout from this year’s US home mortgage crisis will likely continue for some time and could further slow global economic...

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...