MNB

MNB

Pandemic Crisis Hits all Sectors

“V”, “U” or “L”? Only time will tell which shape the current crisis will take, but one thing is for...

MNB

Albanian central bank lowers key interest rate

Albania’s central bank said it decided to cut its key interest rate to a record low of 0.5% from 1%,...

MNB

No additional infection risk in using cash

From the point of view of spreading the coronavirus, the use of cash does not pose any extra risk compared...

MNB

Policymakers keep base rate, O/N deposit rate on hold

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank base rate at 0.9%...

MNB

EBRD commits fresh funds to support Ukrainian businesses

The European Bank for Reconstruction and Development (EBRD) and Ukraine’s leading leasing company LLC OTP Leasing are helping domestic small-...

MNB

Hungary current-account deficit EUR 775 mln in Q4

Hungary had a current-account deficit of EUR 775 million in the fourth quarter of 2019, data released by the National...

MNB

Polish protection plan for employees and entrepreneurs presented

Polish President Andrzej Duda and the Prime Minister Mateusz Morawiecki presented the details of a program supporting Polish entrepreneurs and...

MNB

Govʼt, MNB weigh further measures to support SMEs

Hungaryʼs government and the National Bank of Hungary (MNB) are considering measures involving "credit or direct support" to help Hungarian-owned...

MNB

Polish c/a surplus narrows in January

Poland’s current account surplus shrank to EUR 2.265 billion in January 2020 from EUR 2.529 bln in the corresponding month...

MNB

Czech gov’t approves interest free loans for businesses

The Czech-Moravian Guarantee and Development Bank will launch a special coronavirus loan program in order to support entrepreneurs, Trade and...

MNB

Net average wage in Romania slows in January

The average net salary in Romania increased by 8.6% in January, compared to the same month of 2019, to RON...

MNB

Serbia’s FX reserves decline in February

The foreign exchange reserves held by Serbia’s central bank fell to EUR 13.459 billion (USD 15.032 ln) at the end...

MNB

MNB fines KDB Bank HUF 20.75 mln

The National Bank of Hungary (MNB) on Friday said it fined KDB Bank a combined HUF 20.75 million over shortcomings...

MNB

Coronavirus a Further Threat to Weakening Forint

Although analysts had forecast a further weakening of the forint for 2020, the rate at which the Hungarian currency depreciated...

MNB

Albania average gross wage growth slows in Q4

Albania’s average gross monthly wage increased 2.2% year-on-year to ALL 53,458 (EUR 431) in the fourth quarter, after rising 3.7%...

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...