MNB

MNB

AutoWallis completes successful bond auction

AutoWallis has closed a successful private placement bond auction , with institutional investors purchasing the 10-year bond with HUF 3...

MNB

Croatia budget revenues decline in Apr

Croatia’s Finance Minister Zdravko Marić has said budget revenues in the first 10 days of April were one-third of those...

MNB

Waberer’s books Q4 loss, reiterates commitment to turnaround

Listed Hungarian logistics company Wabererʼs booked a fourth-quarter loss of EUR 22.2 million, widening from EUR 17.6 mln in the...

MNB

Poland central bank cuts key rate further

The Narodowy Bank Polski (National Bank of Poland or NBP) unexpectedly cut interest rates by 50 basis points and said...

MNB

Poland to throw firms multi-billion lifeline amid epidemic

Poland’s prime minister has unveiled plans to throw a lifeline worth at least PLN 100 billion (EUR 22 bln) to...

MNB

Regulatory Changes to the Hungarian Bond Market

The Hungarian Parliament adopted several amendments to the Hungarian capital markets act, effective as of December 27, 2019, in order...

MNB

EC distributes 2nd half of assistance

The European Commission has already disbursed the second half of the EUR 608 million in liquidity assistance to combat the...

MNB

Trade surplus at EUR 1.1 bln in February

In EUR terms, the value of exports increased by 3.9% and that of imports by 0.1% in February 2020 compared...

MNB

MNB unveils measures to mitigate pandemic impact, jump-start economy

The National Bank of Hungary (MNB) on Tuesday announced a package of measures to mitigate the impact of the coronavirus...

MNB

Govʼt to cover 70% of wage costs for reduced hours

The government will take over 70% of the wage costs of employees who work reduced hours at companies impacted by...

MNB

Nearly 100,000 continue paying loans

Almost 100,000 customers of banks have already indicated that they will continue to repay their loans, writes hvg.hu....

MNB

Romania FX reserves drops in March

The National Bank of Romania (BNR) announced on Wednesday that Romania’s foreign exchange (FX) reserves stood at EUR 34.123 billion,...

MNB

Czech govʼt unveils economic aid package

The Czech government has unveiled the detail of an emergency aid package for entrepreneurs and employers to mitigate the impacts...

MNB

Hungary state debt ratio falls to 66.3% at end-2019

Hungaryʼs gross state debt, as a percentage of GDP, fell to 66.3% at the end of the fourth quarter, state...

MNB

Polish Parliament adopts economic relief plan

The Polish Parliament on Saturday adopted a multi-billion relief plan aiming to counteract losses caused by the coronavirus pandemic to...

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...