MNB

MNB

Gold loses allure as stocks rally; Yamada is unfazed

Gold lost its luster in December, confounding analysts and investors who predicted the metal would lead the commodities markets in...

MNB

General government net financing requirement drops to 7.8% of GDP in Q3 2006

The seasonally adjusted net financing requirement of the Hungarian general government was 7.8% of the quarter's estimated GDP in the...

MNB

Steinmetz’s Scorpio raises 500 Mln Shekels from investors

Scorpio Real Estate Ltd., an Israeli company controlled by diamond entrepreneur Benny Steinmetz, raised 500 million shekels ($119 million) in...

MNB

Hungary to up subscribed capital of national railway co by Ft 112 bln

Hungary will raise the subscribed capital of loss-making state-run railway company MÁV by Ft 111.6 billion (€444.27 million) in 2007....

MNB

Hungarian quarterly current-account deficit narrows on services

Hungary's current-account deficit narrowed in the Q3 from the previous three-month period as the deficit on services and income shrank....

MNB

Gold prices rise on demand for alternative to slumping dollar

Gold prices in New York climbed to the highest in three weeks as a decline in the value of the...

MNB

Fiat to book €450 mln gain from Credit Agricole Venture

Fiat SpA, Italy's largest manufacturer, will book a gain of €450 million ($595.2 million) from the sale of a stake...

MNB

Gold takeovers reach record as companies fail to find new mines

Gold-company acquisitions this year surged to the highest level in at least a decade, and the industry may continue its...

MNB

Gold prices decline after euro’s rally against dollar stalls

Gold prices fell in New York, erasing an earlier gain, on speculation the value of the dollar will hold steady...

MNB

Finance Ministry leaves 2007 deficit unchanged

The Finance Ministry will not change its accrual-based general deficit target for 2007, in spite of expecting to close 2006...

MNB

Gold may rise as investors seek alternative to dollar

Gold may rise, snapping a two-week slide, on speculation Russia and Middle Eastern crude-oil producers may shift reserves away from...

MNB

Hungary to sell Ft 7,700 bln in bonds in 2007

Hungary plans to cut debt sales by 8.5% next year to finance government spending and pay off maturing debt, the...

MNB

Hungary’s Monetary base falls

Hungary’s monetary base fell Ft 68.9 billion in November to Ft 2,563.5 billion in line with the trend seen earlier...

MNB

Romanian lei, world’s best performer, may rise in 2007 on EU

Romania's lei surpassed all European currencies to become the world's best performer this year and is poised for more gains...

MNB

Hungary’s Q3 GDP growth revised up to adjusted 3.9%

Hungary's economy increased a calendar-year-adjusted 3.9% in volume terms in the Q3 of 2006 from the same period a year...

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...