MNB

Ecostat projects 3.8%-3.9% GDP growth this year

Economic research firm Ecostat projects 3.8%-3.9% GDP growth in 2006 and an average consumer price index of 3.5%, according to...

MNB

ESA deficit drops to 8.2% of GDP in Q2

The net financing requirement of the Hungarian general government, equivalent to the ESA95 general government deficit, was 8.2% of the...

MNB

MFB H1 profits fall 32.8%

The Hungarian Development Bank Rt (MFB) had after-tax profit of Ft 3.13 billion in the first half of 2006, 32.8%...

MNB

Erste Bank H1 net profits hardly changed at Ft 7.89 bln

Erste Bank Hungary Nyrt had after-tax profit of Ft 7.89 billion in the first half of 2006, 0.3% more than...

MNB

Raiffeisen to lend Ft 3.5 bln to MÁV

Raiffeisen Bank Zrt won a tender to provide state-owned Hungarian railway MÁV Zrt overdraft loans worth a combined Ft 3.5...

MNB

Bourse spot market turnover falls 17.4% in June

Double-counted turnover on the spot market of the Budapest Stock Exchange (BÉT) was Ft 1,061 billion in July, 17.4% less...

MNB

ELLA Bank pre-tax profits jump to Ft 383 mln in H1

ELLA Bank Rt had unaudited pre-tax profits of Ft 383 million in the first half of 2006, sharply up from...

MNB

Assets in funds managed by BAMOSZ members up 11% in H1

Members of the Hungarian Association of Fund and Asset Managers (BAMOSZ) managed assets in funds of Ft 2,084 billion at...

MNB

Margin between corporate deposit, lending rates widens in June

The interest margin between short-term forint corporate deposit and lending rates increased from 1.91 to 2.29 percentage points in June,...

MNB

HVBJ reports Ft 990 mln pre-tax profit for H1

HVB Mortgage Bank Rt (HVBJ) had Ft 990.4 million pre-tax profit in the first half of 2006, 1.9% less than...

MNB

VNU reworks bond sale by adding €200 mln note

MNB

Gross state debt increases 13,1% in January-June

Hungary's gross state debt increased 13.1% to 14,432.6 billion from the end of 2005 to the end of June 2006,...

MNB

FinMin forecasts July budget surplus at Ft 7.88 bln

Hungary, struggling to control the European Union's largest budget deficit, expects a surplus of Ft 7.88 billion this month and...

MNB

Central bank converts €250 mln of forex proceeds in Q1

The National Bank of Hungary (MNB) exchanged €250 million for forints on the interbank market in the first quarter of...

MNB

Inflation slows, bonds advance with stronger forint

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...