MNB

MNB

Czech Finance Ministry increases 2007 growth forecast to 5%

The Czech Finance Ministry raised its forecast for economic growth this year to 5% as it expects household spending to...

MNB

Polish economy grew 5.8% in 2006, fastest in 9 years – extended

Poland's economy expanded in 2006 at the fastest annual pace in nine years as buoyant exports encouraged companies to step...

MNB

BMW Finance to sell $300 mln of 5-Year bonds

BMW Finance, a unit of Bayerische Motoren Werke AG, the world's largest maker of luxury cars, plans to sell bonds,...

MNB

Gold climbs to highest in almost three weeks as dollar declines

Gold prices in New York climbed to the highest in almost three weeks as a declining dollar spurred demand for...

MNB

HVB Bank Hungary to be rebranded Unicredit Bank

HVB Bank Hungary will rename itself Unicredit Bank from February, as part of a regional branding resulting from the takeover...

MNB

Milken says credit could free $100 trillion for poor

Michael Milken, the junk bond billionaire turned philanthropist, says developing countries could free up trillions of dollars by increasing their...

MNB

Gold gains as dollar falls on reduced demand for US assets – extended

Gold climbed to a two-week high in New York as the prospect of a weaker dollar spurred demand for the...

MNB

Wienerberger plans to sell hybrid bonds in euros

Wienerberger AG, the world's biggest brickmaker, plans to sell €400 million ($517 million) of so-called hybrid bonds to pay off...

MNB

Gold may rise for 2nd week as alternative to dollar

Gold may rise for a second week on speculation that Russia and oil-producing nations in the Middle East will shift...

MNB

World Gold Council may offer new funds in Europe and India

The World Gold Council, a producer group supported by the world's biggest miners, may start selling gold-backed securities in Italy,...

MNB

Russian reserves advance for 11th week, surge to $303.9 bln

Russia's foreign currency and gold reserves surged for an 11th week as the nation heads for a ninth year of...

MNB

Hungary’s international reserves down €282 mln to €16.397 bln in December

Hungary's international reserves decreased €282 mln in December after €292 mln increase in November, preliminary figures released by the National...

MNB

City analysts see forint weakening, higher rates, Hungary’s c/a deficit narrowing – extended

London-based emerging market analysts expect the forint to see a negative correction and rates to rise in the coming months,...

MNB

Hungary borrows at lowest yield in 15 months on budget pledge

Hungary borrowed at the lowest rate in 15 months as a pledge by Prime Minister Ferenc Gyurcsány to cut spending...

MNB

Savings cooperative assets exceed Ft 1,300 bln

The combined assets of Hungary's savings cooperatives exceeded Ft 1,300 bln at the end of November 2006, well over the...

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...