MNB

MNB

Rate-setters ditch baseline inflation scenario

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that the inflation path had shifted from...

MNB

MNB buys HUF 37 bln in gov’t QE securities

The National Bank of Hungary (MNB) bought HUF 37 billion of government securities under its quantitative easing program in the...

MNB

Growth Prospects Look Good, Despite Some Dark Clouds

It is a “realistic expectation” that Hungary’s economy could grow by 5-6% in 2022, Minister of Finance Mihály Varga told...

MNB

Rate Hikes Continue as Expected

The National Bank of Hungary (MNB) continued its tightening cycle, raising the key rate by 15 basis points to 1.8%...

MNB

Weekly QE purchases of gov’t bonds in line with target

The National Bank of Hungary (MNB) bought HUF 38.5 billion of government securities in the framework of a quantitative easing...

MNB

Policymakers raise base rate 15 bp to 1.8%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 15...

MNB

Banking sector liquidity declines in September

Forint liquidity of Hungary's banking sector declined in September, primarily due to the swap facility providing euro liquidity at the...

MNB

MNB accepts no bids at weekly FX swap tender

The National Bank of Hungary (MNB) accepted no bids at a weekly tender on Monday for FX swaps, a facility...

MNB

FGS Go! winds up after HUF 3 tln allocation reached

The National Bank of Hungary (MNB) officially closed the Funding for Growth Scheme (FGS) Go!, a central bank program that...

MNB

MNB launches FGS Green Home program

The National Bank of Hungary (MNB) on Tuesday announced the launch of the Funding for Growth Scheme (FGS) Green Home...

MNB

MNB accepts no bids at FX swap tender

The National Bank of Hungary (MNB) accepted no bids at a weekly tender on Monday for FX swaps, a facility...

MNB

Weekly QE purchases of gov’t bonds reach HUF 44 bln

The National Bank of Hungary (MNB) bought HUF 44.4 billion of government securities in the framework of a quantitative easing...

MNB

Unnecessary moratorium participation can hurt recovery – MNB

The National Bank of Hungary (MNB) warned in a release on its website that borrowers who remain in the repayment...

MNB

MNB highlights upside risks to inflation outlook in report

The National Bank of Hungary (MNB) said the inflation outlook is "surrounded by upside risks" in a quarterly report on...

MNB

MNB allocates EUR 2.15 bln of euro liquidity swaps at tender

The National Bank of Hungary (MNB) allocated EUR 2.15 billion of euro liquidity swaps at a tender on Wednesday, accepting...

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...