MNB

MNB

GVA gap between Hungarian, EU-15 farms narrows

Gross value added (GVA) per hectare on Hungarian farms stood at 53% of the average in the 15 pre-enlargement European...

MNB

Hungary state debt ratio reaches 68.2% at end-Q3

Hungaryʼs gross state debt, as a percentage of GDP, reached 68.2% at the end of the third quarter, a second...

MNB

Hungary current-account deficit EUR 230 mln in Q3

Hungary had a current-account deficit of EUR 230 million in the third quarter, data released by the National Bank of...

MNB

Most Poles plan to support charities during Christmas, report

More than seven in every 10 Poles say they plan to support charity campaigns during Christmas, according to a report...

MNB

Policy makers keep O/N deposit rate, base rate on hold

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank O/N deposit rate at...

MNB

More Poles earning over PLN 1 million a year, report

The number of Poles earning over PLN 1 million a year (EUR 234,000) has shot up, according to a fresh...

MNB

External trade surplus at EUR 514 mln in October

The surplus on external trade in goods amounted to EUR 514 million in October 2019, with the balance of external...

MNB

Polish wages climb but may take decades to reach EU average, study shows

It will take Poles 50 years to catch up with the EU average in terms of salaries if pay in...

MNB

Bulgaria Q3 GDP growth rate confirmed at 3.7%

Bulgaria’s economy expanded by 3.7% year-on-year in the third quarter of 2019, after growing by 3.8% in the previous quarter,...

MNB

MNB intʼl reserves rise EUR 1.335 bln in November

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 29.312 billion at the end of November, up EUR...

MNB

Slovenia’s central bank urged to reconsider lending restrictions

Slovenia’s parliamentary Finance Committee has urged the central bank to reconsider the recently imposed curbs on consumer lending, which it...

MNB

Surplus in trade of services reaches EUR 2.704 bln in Q3

Hungaryʼs surplus in trade of services reached EUR 2.704 billion in the third quarter, Hungarian news agency MTI reports, citing...

MNB

IIB loan portfolio to exceed EUR 1 bln by end of year

International Investment Bank (IIB) announced closing a successful half-year after its relocation to Budapest, saying that the end of 2019...

MNB

Croatia jobless rate drops to 7.2% in October

Croatia’s unemployment rate decreased to 7.2% on October from 9.1% in the corresponding month of the previous year, data from...

MNB

Serbia wants to reduce public debt

Serbia’s debt-to-GDP ratio has dropped by almost 20% in four years, but the Public Debt Administration wants it reduced further...

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...