MNB

MNB

Central bank keeps countercyclical capital buffer rate at 0%

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to keep the countercyclical capital buffer rate...

MNB

MNB Hails Pandemic Response, Charts Path to Recovery

The coronavirus pandemic hit the Hungarian economy at a time when its fundamentals were stable, and growth was strong, according...

MNB

Policymakers leave base rate unchanged

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

MNB

Hungary c/a surplus at EUR 99 mln in 2020

Hungary's current-account surplus reached EUR 99 million for the full year in 2020, quarterly data released by the National Bank...

MNB

MNB buys HUF 60 bln of securities

The National Bank of Hungary (MNB) bought HUF 60 billion of securities in the framework of a quantitative easing program...

MNB

GTC Magyarország raises HUF 19.7 bln with BGS bond issue

Property developer GTC Magyarország raised HUF 19.7 billion in proceeds from a 10-year bond issued in the framework of the...

MNB

MNB extends BGS to public undertakings

National Bank of Hungary (MNB) policymakers decided at a meeting on Tuesday to extend the central bank's Bond Funding for...

MNB

MNB scraps QE program series threshold

National Bank of Hungary (MNB) policymakers have decided to remove a limit on the volume of securities series the central...

MNB

MNB sets dates for EUR liquidity swap tenders

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

MNB

HUF 30 tln sent through instant payment

Hungarians have transferred HUF 30 trillion using the instant payment system rolled out by the National Bank of Hungary (MNB)...

MNB

MNB 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 workweek...

MNB

MNB’s 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 buys HUF 60 bln of securities, weekly QE data show

The National Bank of Hungary (MNB) bought HUF 60 billion of securities in the framework of a quantitative easing program...

MNB

MNB launches compulsory vehicle insurance premium index

The National Bank of Hungary (MNB) on Monday launched an index showing annualized changes to average premiums on compulsory vehicle...

MNB

MNB int’l reserves fall EUR 430 mln in January

The international reserves of the National Bank of Hungary (MNB) stood at EUR 33.248 billion at the end of January,...

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...