MNB

MNB

Hungary second biggest CEE spender

Hungary took advantage of the second largest amount, €3.9 billion ($5.49 billion) out of Central Eastern European members from EU...

MNB

The long gold boom

After reaching their highest level since 1980, gold prices may be due for a correction soon, but that could help...

MNB

S&P warns of public financing troubles ahead

International loan rating institute Standard & Poor’s issued its annual analysis, in which the company warns the most developed countries...

MNB

Gazprom Neft to borrow up to $2.2 bln for expansion

Gazprom Neft, Russian gas giant Gazprom’s oil division, said Wednesday it was set to secure a three-year syndicated loan worth...

MNB

Liquidity crisis hits Kazakhstan hard

So far, Kazakhstan has been the developing country hardest hit by the international crisis in liquidity, because of which Western...

MNB

Fed cuts key interest crude prices set another record high

The US Federal Reserve decided on Tuesday to cut a key interest rate by a half percentage point to 4.75%...

MNB

Investment banks ‘to lose $30 bln’

World investment banks are set to reveal they have lost about $30 billion from bad debts linked to the global...

MNB

EU support for biomass boiler silos

Purchases of biomass boiler silos will be subsidized by the Ministry of Agriculture and Regional Development (MVM) as a result...

MNB

ECB pumps €75 billion into European money market

The European Central Bank (ECB) announced Wednesday it was pumping €75 billion ($105 billion) into the market in a renewed...

MNB

Deutsche Bank review: Government investment funds growing

Government investment funds around the world have twice the assets of the hedge fund industry and may grow from $3.2...

MNB

Polyus Gold becomes world’s No.4 for gold reserves

Polyus Gold, Russia’s leading gold producer, said Tuesday it has become the world’s fourth largest, with 2,100 metric tons of...

MNB

Gold sparkles as US dollar weakens

US gold futures topped $710 an ounce Monday amid a softening US dollar and analyst fears of a further currency...

MNB

Investors rush to gold

Prices for the metal - and mining stocks - are moving higher as investors look for protection from financial crises,...

MNB

Hungary: Student Loan Company signs deal with EIB

Student Loan Company Zrt contracted European Investment Bank (EIB) for a €150 million ($204.5 million) credit line to optimize its...

MNB

ECB pulls out $89 bln

The European Central Bank withdrew €65 billion ($88.7 billion) from the eurozone money market yesterday in its weekly refinancing operation...

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...