MNB

MNB

MNB int’l reserves fall EUR 568 mln in November

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.993 billion at the end of November, down...

MNB

MNB announces December dates for FX swap tenders 

The National Bank of Hungary (MNB) on Friday announced dates for FX swap tenders providing euro liquidity and a discount...

MNB

MNB fines lenders for info provision shortfalls

The National Bank of Hungary (MNB) on Thursday said it fined ten lenders a combined HUF 65 million for failing...

MNB

MNB raises 1-week depo rate by 20 bp to 3.1%

The National Bank of Hungary (MNB) announced a rate of 3.1% for its one-week deposit facility ahead of a tender...

MNB

Policymakers raise O/N depo, collateralized loan rates

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank's O/N deposit rate by...

MNB

Weekly QE purchases edge further under target

The National Bank of Hungary (MNB) bought HUF 29 billion of government securities in the framework of a quantitative easing...

MNB

MNB raises 1-week depo rate by 40 bp to 2.9%

The National Bank of Hungary (MNB) announced a rate of 2.9% for its one-week deposit facility ahead of a tender...

MNB

MNB offers 1-week depo at 2.5%, 40 bp over base rate

The National Bank of Hungary (MNB) offered its one-week deposit facility at a rate of 2.5% at a tender on...

MNB

MNB to modify debt cap rules from January

The National Bank of Hungary said on Wednesday that on January 1, 2022 it will be modifying its decree regarding...

MNB

Policymakers raise base rate 30 bp to 2.1%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 30...

MNB

Weekly QE purchases of gov’t bonds below target

The National Bank of Hungary (MNB) bought HUF 32 billion of government securities in the framework of a quantitative easing...

MNB

No bids at FX swaps tender

Lenders submitted no bids at a weekly tender held by the National Bank of Hungary (MNB) on Monday for FX...

MNB

MNB: Corporate bond market more than tripled since BGS launch

At the end of Q3, the non-financial corporate bond market rose in size to 4.4% of GDP, compared to the...

MNB

Weekly QE purchases of gov’t bonds under target

The National Bank of Hungary (MNB) bought HUF 35 billion of government securities in the framework of a quantitative easing...

MNB

MNB international reserves fall EUR 714 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 37.56 bln at the end of October, down...

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...