MNB

MNB

MNB: Pandemic expenditures lift state debt ratio to 70.3%

Government expenditures related to the coronavirus pandemic lifted Hungaryʼs state debt relative to GDP to 70.3% at the end of...

MNB

MNB sees no immediate systemic risk to financial system

Financial stress had increased significantly around March with the onset of the pandemic, but the level of stress was below...

MNB

MNB raises rate on collateralized lending facility by 15 bp to 0.75%

The National Bank of Hungary (MNB) raised the rate on its three- and five-year collateralized lending facility by 15 bp...

MNB

MNB makes recommendations to support sustainable growth

The National Bank of Hungary (MNB) is making 50 recommendations supporting government efforts to shape policy promoting sustainable growth, deputy...

MNB

MNB raises rate on one-week depo by 15 bp to 0.75%

The National Bank of Hungary (MNB) raised the rate on its one-week deposit facility by 15 bp to 0.75% at...

MNB

MNB knocks down GDP forecast

The National Bank of Hungary (MNB) expects the economy to contract between 5.1% and 6.8% this year, state news wire...

MNB

Corporate lending growth rate slowed to 8.4%

The corporate lending growth rate in Hungary slowed from double digits to 8.4% in Q2 because of the coronavirus crisis,...

MNB

Leasing company outlays in MNB FGS schemes exceed HUF 100 bln

Hungarian leasing companies have provided funding worth more than HUF 100 billion to domestic businesses this year as part of...

MNB

MNB publishes proposals for environmentally sustainable economic growth

Following consultation with civil organizations and environmental protection experts, the National Bank of Hungary (MNB) on Monday published a collection...

MNB

MNB calls on insurers to review vehicle insurance policy fees

The National Bank of Hungary said on Friday that it is calling on insurance companies to review their mandatory vehicle...

MNB

MNB joins Business Council for Sustainable Development

The National Bank of Hungary (MNB) yesterday said it has joined the Business Council for Sustainable Development in Hungary (BCSDH),...

MNB

Prenatal baby support lending stock reaches HUF 824 bln in a year

The outstanding stock of prenatal baby support loans, launched as part of a package of family support measures in the...

MNB

MNB FX swap stock flat after tender

The National Bank of Hungaryʼs stock of FX swaps, which the central bank uses to pump liquidity into the banking...

MNB

MNB fines OTT-ONE for insider information violation

Listed IT company OTT-ONE on Thursday said it was fined HUF 5 million by the National Bank of Hungary (MNB)...

MNB

Surplus on external trade in services drops to EUR 790 mln in Q2

In the 2nd quarter of 2020, the surplus on external trade in services dropped to EUR 790 million from EUR...

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...