MNB

MNB

ÁKK to buy back USD 1 bln of government bonds, says Varga

The Government Debt Management Agency (ÁKK) will be buying back USD 1 billion of high-interest rate government bonds, Finance Minister...

MNB

Croatia jobless rate falls in December

Croatia’s unemployment rate declined to 7.9% in December 2019 from 9.6% in the corresponding month of the previous year, figures...

MNB

FDI into Bulgaria rises in Jan-Nov

Bulgaria recorded a net inflow of foreign direct investment of EUR 989.2 million in the January-November period of 2019, compared...

MNB

Plusz bond stock close to HUF 3.377 tln

Subscription of Hungarian Government Securities Plusz bonds for retail investors has reached almost HUF 3.377 trillion, weekly data released by...

MNB

EBRD invests record EUR 516 mln in Serbia in 2019

The European Bank for Reconstruction and Development achieved a historic record in Serbia in 2019 with EUR 516 million of...

MNB

Slovenia real avg net wage growth accelerates in November

Average net monthly earnings in Slovenia increased by a real 9.9% month-on-month in November, after rising by 1.5% in October,...

MNB

Polish c/a surplus widens in November

Poland’s current account surplus widened sharply to EUR 1.457 billion in November from a EUR 113 million in the same...

MNB

Household gas prices in Hungary cheapest in EU

Household gas prices in Hungary remained the lowest in the European Union in the first half of last year, state...

MNB

MNB renews currency swap deal with Chinaʼs central bank

The People’s Bank of China and the National Bank of Hungary (MNB) have announced the renewal of their bilateral currency...

MNB

Romania central bank maintains key interest rate

Romania’s central bank kept its key interest rate unchanged as widely expected, news wire Reuters reports....

MNB

Iranian investors buy 2 mineral water producers in Romania

Romanian spirits producer Prodal 94, whose portfolio includes the Stalinskaya (vodka) and Wembley (gin) brands, will take over the local...

MNB

Surplus on external trade in goods at EUR 500 mln in Nov

In EUR terms, the value of exports decreased by 0.1% and that of imports by 0.8% in November 2019 compared...

MNB

FGS Fix contracts surpass HUF 379 bln

The Funding for Growth Scheme (FGS) fix lending program of the National Bank of Hungary has concluded little more than...

MNB

MNB intʼl reserves drop EUR 929 mln in December

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 28.385 billion at the end of December 2019, down...

MNB

Romanian central bank FX reserves drop in Dec

The foreign exchange (FX) reserves held by Romania’s central bank, excluding gold, totaled EUR 32.926 billion at the end of...

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...