MNB

MNB

MNB Monetary Council leaves base rate unchanged at 0.60%

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

MNB

MNB: SME revenues recover from March low by June

Companies saw their revenues fall to 63% compared to their pre-pandemic levels in March but by June revenues on average...

MNB

Hungary current account shows EUR 1.240 bln deficit in Q2

Hungary had a EUR 1.240 bln current-account deficit in Q2, according to preliminary monthly data released by the National Bank...

MNB

MNB fines SET Group HUF 40 mln for manipulating share price

The National Bank of Hungary (MNB) imposed a fine of HUF 40 million on listed holding company SET Group for...

MNB

MNB fines unauthorized investor HUF 275 mln

The National Bank of Hungary (MNB) imposed a fine of HUF 275 million for the unauthorized collection of funds to...

MNB

Estonia trade deficit narrows in June

Estoniaʼs trade deficit fell to EUR 11 million in June from EUR 108 million in the same month last year,...

MNB

MNB buys just under HUF 10 bln of bonds at QE auction

The National Bank of Hungary (MNB) bought HUF 9.98 billion of government bonds at an auction on Tuesday held in...

MNB

MNB renews corp. bond purchases under its BGS program in July

The National Bank of Hungary (MNB) purchased a total of HUF 33.9 billion corporate bonds under its Bond Funding for...

MNB

MNB intʼl reserves down EUR 628 mln in July

The international reserves of the National Bank of Hungary (MNB) stood at EUR 29.565 billion at the end of July,...

MNB

MNB to lower cap on interest guaranteed by life insurances

A fresh decree of the National Bank of Hungary (MNB) will lower the cap set on the so-called technical interest...

MNB

MNB: SME productivity up 30% since 2010

As a result of the rapid development of small- and medium-sized companies in the last two years, the lag compared...

MNB

MNB lists atypical job incentives, mobility as short-term tasks

In the short term, Hungary should exploit its hidden reserves of human capital through giving incentives for atypical forms of...

MNB

MNB establishes safety net of swap and repo agreements

The National Bank of Hungary (MNB) has created an international safety net consisting of bilateral swap and repo agreements, which...

MNB

Romania annual bank deposits growth slows in June

The deposits of the non-governmental sector in Romanian banks grew 13.4% on the year to RON 382 billion (EUR 79...

MNB

Policymakers cut base rate 15 bp to 0.6%

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

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...