MNB

Hungarian bonds gain most in Europe as budget cuts cause riots

Hungarian bonds posted the biggest gains in Europe since Prime Minister Ferenc Gyurcsány announced plans to cut the budget deficit...

MNB

Household debt stock increases 22% in January-September

Gross household debt was Ft 4,620 billion at the end of September, 22% more than at the end of 2005,...

MNB

Consumer loan rates fall, home loan rates rise in September

Retail rates for forint-denominated consumer loans fell in September, while rates for home loans rose, the National Bank of Hungary...

MNB

Hungarian forint rises to 5-month high as risk appetite spurred

Hungary's forint climbed to its highest in almost five months against the euro as signs US interest rates will be...

MNB

Romanian eight-month current-account gap widens 51%

Romania's current-account deficit widened 51% in the first eight months of the year from the year-earlier period, triggered by an...

MNB

2005 fiscal deficit 6.5%, up from preliminary – KSH

Hungary's 2005 ESA95 general government deficit was 6.5% of GDP after adjustment for the pension reform and was 7.8% of...

MNB

Budget debt up 14.4% in January-September

Foreign currency- and forint-denominated debt of the central government rose a combined Ft 1,841.5 billion (14.4%) in January-September, compared to...

MNB

MFB to offer preferential loans to former state workers from November

The Hungarian Development Bank (MFB) Zrt will start offering preferential loans to public sector workers laid off as a result...

MNB

Hanwha Bank Hungary issues €10 mln in subordinated bonds

Hanwha Bank Hungary Zrt, owned by South Korea's Hanwha group, will privately place €10 million worth of five-year subordinated bonds...

MNB

Kopint-Datorg lowers forecast for GDP growth, raises inflation projection

Economic research company Kopint-Datorg Zrt has lowered its projection for Hungary's GDP growth for 2006 and 2007, while raising its...

MNB

Preliminary fiscal deficit Ft 70.2 bln in September

Hungary had a cash flow-based general government deficit, excluding local councils, of Ft 70.2 billion in September after Ft 134.9...

MNB

Hungary’s international reserves up €71 mln in September

MNB

Hungary’s net foreign debt rises €2.11 bln in Q2

Hungary's net foreign debt rose €2.111 billion in the second quarter of 2006 to €27.253 billion, €4.064 billion over the...

MNB

Interbank forint market turnover increases 25% in August

Turnover on the interbank forint market was Ft 3,261.9 billion in August, Ft 802.2 billion more than in July, the...

MNB

Non-bank lenders’ H1 profits rise 18.4%

Non-bank lenders in Hungary recorded combined after-tax profits of Ft 24.225 billion in the first half of 2006, 18.4% more...

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

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...

MNB

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

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...

MNB

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...

MNB

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

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...

MNB

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...

MNB

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

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

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

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

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

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...