MNB

MNB

Matolcsy warns 2022 overspending could fuel inflation

National Bank of Hungary (MNB) governor György Matolcsy said he believes the 5.9%-of-GDP general government deficit target in the 2022...

MNB

Higher upside risks could boost inflation outlook – MNB

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that higher upside risks to inflation could...

MNB

International reserves stand at EUR 30 bln

The international reserves of the National Bank of Hungary (MNB) stood at EUR 30.523 billion at the end of May,...

MNB

Matolcsy flags possible rate rise in June 

National Bank of Hungary (MNB) governor György Matolcsy said the central bank could raise its key interest rate in June...

MNB

MNB buys HUF 57 bln in QE securities

The National Bank of Hungary (MNB) bought HUF 57 billion of securities under its quantitative easing program in the week...

MNB

MNB urges borrowers to begin repaying loans

The National Bank of Hungary (MNB) warned of the risks involved in maintaining a blanket repayment moratorium and urged borrowers...

MNB

FGS Go! outlays near HUF 2.6 tln

Outlays of the Funding for Growth Scheme (FGS) Go!, a central bank program that aims to ensure SMEs cheap credit...

MNB

MNB buys HUF 60 bln under QE program

The National Bank of Hungary (MNB) bought HUF 60 billion of securities under its quantitative easing program in the week...

MNB

MNB policymakers keep base rate on hold 

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged, at...

MNB

MNB launches HUF 54 bln renovation of landmark HQ

The National Bank of Hungary (MNB) announced the launch of a HUF 54 bln full-scale renovation of its headquarters on...

MNB

Corporate credit conditions little changed amid rising demand

Conditions for corporate credit were little changed in the first quarter, while demand for both short- and long-term loans grew,...

MNB

Hungary near EU avg in MNB Sustainability Index

Hungary scored just under the European Union average in the Sustainability Index of the National Bank of Hungary (MNB), a...

MNB

MNB buys HUF 69 bln under QE program

The National Bank of Hungary (MNB) bought HUF 69 billion of securities under its quantitative easing program in the week...

MNB

Policymakers agree upside inflation risks persist, minutes show

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that upside inflation risks persist and reiterated...

MNB

National Bank buys HUF 60 bln in QE securities

The National Bank of Hungary (MNB) bought HUF 60 billion of securities under its quantitative easing program in the week...

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...