MNB

MNB

Poland’s central bank holds key rate unchanged again

The National Bank of Poland held its benchmark reference rate at a record low of 1.5% on Wednesday. The decision...

MNB

UniCredit books declining profit in Hungary

Italyʼs UniCredit booked a consolidated after-tax profit of EUR 157 million at its business in Hungary last year, down 12%,...

MNB

Romania central bank FX reserves rise in Jan

The foreign exchange (FX) reserves held by the National Bank of Romania (BNR), excluding gold, totaled EUR 35.5 billion at...

MNB

Minimum wage in Hungary lowest in V4

The gross minimum wage in Hungary amounted to EUR 487 in January 2020, less than the minimum wage in other...

MNB

Graphisoft seeks clearance for EUR 33 mln structured share repurchase

Graphisoft Park, a listed company that owns and operates a business park in the north of Budapest, has called a...

MNB

Central Bank Holds to its Currency Course

Although the forint hit all-time lows in the past few weeks, the central bank has not intervened in order to...

MNB

Dollar bond buyback had no ʼtangibleʼ effect on exchange rates

The governmentʼs repurchase before maturity of USD 1bn in dollar bonds had a negligible impact on exchange rates, Gergely Gulyas,...

MNB

Montenegro real net wage edges up in 2019

Montenegro’s real net earnings without taxes and contributions rose by 0.4% in 2019 to EUR 515 after declining by 2.3%...

MNB

MNB keeps base rate unchanged

The National Bank of Hungary (MNB) decided to keep the policy rate at 0.9% and the O/N deposit rate at...

MNB

Student loan limit may rise from HUF 70,000 per month

Increased spending by higher education students justifies raising the maximum amount of the free so-called Student Loan1, writes economic daily...

MNB

Mortgage modification campaign off to sputtering start

About 2,000 borrowers have responded to a campaign organized by the National Bank of Hungary (MNB) and the Hungarian Banking...

MNB

Serbian avg. net monthly wage rises in November

The average net monthly wage in Serbia was RSD 56,331 (EUR 479.50) in November 2019, rising 11.4% in nominal terms...

MNB

Slovakia c/a gap narrows in November

Slovakia’s current account deficit narrowed to EUR 284 million in November 2019 from EUR 514 million in the same month...

MNB

Serbia repaying old debts regularly

A total EUR 241.64 million worth of old loans - principal and interest - matures in 2020, according to National...

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...