MNB

MNB

Moody’s backs continued reforms in Hungary

Through increasing taxes and reducing price support the budget could be consolidated, at the same time, surprisingly, the economic growth...

MNB

Forecasts say inflation will drop to 4.5% – Hungary

In a joint prognosis, GKI Economic Research Zrt and Erste Bank Nyrt forecast that economic growth will be slower in...

MNB

IMF warns and applauds

IMF executives congratulated Hungary for addressing the budget deficit and for reestablishing credibility. However, they emphasized that the task at...

MNB

Deutsche Bank to grant $470 mln loan to Russian developer STT

Deutsche Bank will grant 12 billion rubles ($470 million) to Russian developer STT Group for the implementation of property projects,...

MNB

ICEG report on Hungary

The rate of economic growth in Hungary might be 2.6% in 2007, and 3.2% in 2008 with export continuing to...

MNB

GDP grows 7.8% in Ukraine in June

Ukraine's GDP grew 7.8% in June 2007 year-on-year and 7.9% in the first six months, a spokesman for the statistics...

MNB

Government saves petroleum companies from bankruptcy

The Russian government has taken measures to save the main state-controlled petroleum companies from their creditors....

MNB

Private equity fuels record merger run

Storm clouds may be gathering on the horizon, but the sun is shining brightly on the mergers-and-acquisitions market....

MNB

Gold sales – The reasoning behind Switzerland’s policy decision

The classic question has to be asked again, what is the price of gold? If we answer $xxx, then we...

MNB

China’s economy may grow in 2007 at fastest pace since 1995

China's economy may grow at the fastest pace in 12 years in 2007 and inflation is likely to exceed the...

MNB

Why are investors so pessimistic about the gold price?

With inflation and interest rates picking up around the world the gold price ought to be soaring upwards. And yet...

MNB

Austrian BA-CA bank takes over Kazakh ATF bank

Bank Austria Creditanstalt (BA-CA), Austria's largest bank, continuing its eastwards expansion, said Thursday it aims to take over at least...

MNB

New, high-tech products account for nearly 30% of China’s foreign trade

China’s export and import of new- and high-tech products amounted to $232.5 billion (€174.5 billion), or 29% of the nation’s...

MNB

MFB to launch bond issue

Hungary's state-run development bank MFB Zrt will launch a €400 million ($532.6 million) bond issue to refinance expiring sources, the...

MNB

New, high-tech products account for nearly 30% of China’s foreign trade

China's export and import of new- and high-tech products amounted to $232.5 billion, or 29% of the nation's total foreign...

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...