MNB

MNB

Four-quarter net lending rises to 1.2% of GDP in Q1 – MNB

Hungaryʼs four-quarter net lending rose to 1.2% of GDP in Q1, while the current account deficit stabilized at 0.8% of...

MNB

MNB fines HANIFA for unauthorized currency exchange activity

The National Bank of Hungary (MNB) has fined Budapest-based financial service provider HANIFA HUF 25 million for conducting unauthorized currency...

MNB

Govʼt securities stock climbs by HUF 335 bln in May

The stocks of securities issued by the central government rose by HUF 335 billion in May to HUF 31.617 trillion,...

MNB

Companies repay loans, issue bonds, make big deposits in May

After deposit withdrawals in April, companies made big bank deposits in May. They continued to repay credit overall but switched...

MNB

MNB amends ʼFGS Go!ʼ scheme to help SME borrowing

The National Bank of Hungary (MNB) has decided to amend the conditions of its new ʼFunding for Growth Scheme Go!ʼ...

MNB

Surprise Move by Central Bank Rattles Forint

The Monetary Council of the National Bank of Hungary (MNB) surprised the markets with a decision that took what had...

MNB

Serbia’s real net wage up in April

Serbia’s average net wage increased by a real 7.2% year-on-year in April, following an 8.6% annual rise in March, figures...

MNB

MNB dep gov to propose another 15 bp rate cut in July

Barnabás Virág, who was appointed a National Bank of Hungary (MNB) deputy governor on Tuesday, has said he will propose...

MNB

Romania’s annual bank deposits growth speeds up in May

The deposits of the non-governmental sector in Romanian banks grew 13.9% on the year to RON 383.5 billion (EUR 79...

MNB

MNB lifts inflation forecast for 2020, lowers GDP growth estimate

The National Bank of Hungary on Tuesday said in a preliminary release of the main forecasts from its quarterly Inflation...

MNB

N. Macedonia’s real net wage rises in April

North Macedonia’s real net wage increased by 4.3% year-on-year in April, after growing by an annual 6.9% in March, the...

MNB

Bulgaria’s non-govʼt deposit growth speeds up, borrowing growth slows in May

Deposits of Bulgaria’s non-government sector rose by an annual 8.6% to BGN 86.3 billion (EUR 44.1 bln) at the end...

MNB

Net FDI inflow into Montenegro rises in Jan-Apr

The net inflow of foreign direct investment (FDI) into Montenegro rose to EUR 180.7 million in the first four months...

MNB

EBRD boosting lending to businesses in Bosnia and Herzegovina

The European Bank for Reconstruction and Development (EBRD) has announced it is providing a EUR 5 million loan to Partner...

MNB

Slovak jobless rate hits 3-year high in May

The unemployment rate in Slovakia soared to 7.2% in May from 4.9% in the same month of the previous year,...

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...