MNB

MNB

MNB extends EUR 4 bln ECB repo line  

The National Bank of Hungary (MNB) on Thursday said the maturity of a EUR 4bn repo line it has with...

MNB

Stock of prenatal baby support loans surpasses HUF 1.064 tln

Hungarian lenders' stock of prenatal baby support loans reached HUF 1.0645 tln at the end of December, up about HUF...

MNB

MNB starts buying bonds under 10 years in QE program

The National Bank of Hungary (MNB) bought HUF 55 billion of securities in the framework of a quantitative easing program...

MNB

Monetary Council leaves base rate at 0.6%

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

MNB

Central Bank releases guidelines for classification of loans under moratorium

The National Bank of Hungary (MNB) has outlined in an executive circular detailed guidelines for the classification of loans under...

MNB

MNB weekly QE purchases stand at HUF 50 bln

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

MNB

MNB raises BGS allocation to HUF 1.15 tln

The Monetary Council of the National Bank of Hungary (MNB) decided on Tuesday that effective on Wednesday the central bank...

MNB

MNB int’l reserves rise EUR 1.131 bln in December

The international reserves of the National Bank of Hungary (MNB) reached EUR 33.677 bln at the end of December, up...

MNB

Rate-setters say maintaining ‘favorable financing environment’ key to recovery

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that maintaining a favorable financing environment and...

MNB

FGS Go! disbursements near HUF 1.5 tln

Under the National Bank of Hungary's (MNB) Funding for Growth Scheme Go! program launched in April 2020, financial institutions have...

MNB

MNB allocates EUR 760 mln of euro liquidity swaps at tender

The National Bank of Hungary (MNB) allocated EUR 760 million of euro liquidity swaps at a tender on Thursday, accepting...

MNB

MNB makes HUF 11.4 bln of QE purchases in week without auction

The National Bank of Hungary (MNB) bought close to HUF 11.4 billion of securities in the framework of a quantitative...

MNB

MNB 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

Prolonged recovery likely to have ‘persistent’ disinflationary effects

A slow economic recovery from the coronavirus crisis is likely to cause "persistent" disinflationary effects in Hungary, but "volatile" pricing...

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 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...