MNB

MNB

Policymakers raise base rate 15 bp to 1.65%

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

MNB

Wingholding raises HUF 24.5 bln from BGS bond sale

Hungarian property developer Wingholding raised HUF 24.5 billion from the sale of a 10-year bond under the Bond Funding for...

MNB

Weekly QE purchases of gov’t bonds reach HUF 47 bln

The National Bank of Hungary (MNB) bought HUF 47 billion of government securities in the framework of a quantitative easing...

MNB

MNB organizes 6th Renminbi Conference

The sixth Budapest Renminbi Initiative Conference took place online on Thursday, the organizing National Bank of Hungary (MNB) said, according...

MNB

Weekly QE purchases of gov’t bonds reach HUF 50 bln

The National Bank of Hungary (MNB) bought HUF 50 billion of government securities in the framework of a quantitative easing...

MNB

MNB: Next quarterly report will be a ‘milestone’

The next quarterly Inflation Report of the National Bank of Hungary (MNB), due out late in September, will be a...

MNB

Rate-setters conclude further tightening ‘warranted’

Members of the Monetary Council of the National Bank of Hungary (MNB) "unanimously argued" to continue a rate-hike cycle at...

MNB

Plus bond stock climbs over HUF 6 tln

Outstanding stock of the Hungarian Government Securities Plus bond for retail investors has passed the HUF 6 trillion mark, Finance...

MNB

MNB buys HUF 50 bln in QE gov’t securities

The National Bank of Hungary (MNB) bought HUF 50 billion of government securities under its quantitative easing program in the...

MNB

Dates for euro liquidity swaps announced

The National Bank of Hungary (MNB) has announced dates for euro liquidity swaps tenders it will hold late in September...

MNB

MNB international reserves boosted by SDRs

International reserves of the National Bank of Hungary (MNB) stood at EUR 33.724 billion at the end of August, up...

MNB

2022 deficit could, but presumably won’t, be under target – MNB

The National Bank of Hungary (MNB) raised the possibility of reducing the budget gap at a faster pace next year...

MNB

MNB expands preferential capital requirement for green financing

The National Bank of Hungary (MNB) yesterday said it expanded preferential capital requirements for green financing it rolled out earlier...

MNB

MNB fines pension fund execs for violations

The National Bank of Hungary (MNB) on Thursday said it initiated the dismissal of the managing director and the chairman...

MNB

Policymakers raise base rate 30 bp to 1.5%

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

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...