MNB

MNB

Erste net income in Hungary up 6.3% in Q1-Q3

Austriaʼs Erste Group booked net income of EUR 119.8 million at its business in Hungary in the first three quarters...

MNB

Romanian-German JV starts production of polystyrene, adhesives

Daw Benţa, a Romanian manufacturer of varnishes, paints and other construction materials, will officially start production at two new polystyrene...

MNB

Serbian real net wages up in August

Serbia’s average net wage increased by a real 7.3% year-on-year in August, following an 10.1% annual rise in July, data...

MNB

Russiaʼs central bank lowers key rate again

Russiaʼs central bank has cut its key interest rate for the fourth straight session amid persistently slowing inflation and subdued...

MNB

Poland jobless rate falls in September

Poland’s jobless rate fell marginally in September, data from the Warsaw-based Central Statistical Office (GUS) showed on Wednesday. The jobless...

MNB

Only 6.5% of Romanians buy books

The number of Romanians who buy at least one book per year is under 1.3 million, or just 6.5% of...

MNB

Slovak c/a gap widens in August

Slovakia’s current account deficit rose to EUR 489.5 million in August from EUR 447.8 mln in the same month a...

MNB

Serbia’s FDI jumps in first seven months of 2019

Serbia has attracted EUR 2.3 billion worth of foreign direct investment (FDI) in the first seven months of 2019, which...

MNB

Hungary has net external financing requirement in August

Hungary recorded an unusual net external financing requirement of EUR 91 million in August, as a EUR 225 mln capital...

MNB

Takarékbank: GDP growth forecast up to 4.9%

Takarékbank analysts have raised their forecast for this year’s GDP growth from 4.7% to 4.9%, business portal portfolio.hu reported....

MNB

MNB to continue weighing adjustments on quarterly basis

The Monetary Council of the National Bank of Hungary (MNB) will continue its practice of adjusting monetary conditions from quarter...

MNB

Goods trade surplus at EUR 37 mln in August

In euro terms, the value of goods exports increased by 2.6% and that of imports by 1.3% in August 2019,...

MNB

MNB intʼl reserves down by EUR 394 mln in September

International reserves of the National Bank of Hungary (MNB) stood at EUR 28.368 billion at the end of September, down...

MNB

Romania’s central bank keeps benchmark rate on hold

The National Bank of Romania (BNR) kept its benchmark interest rate unchanged again at 2.5% on Thursday, October 3, aiming...

MNB

Appeninn assigned ‘B+’ issuer rating for BGS participation

Listed real estate investment and asset management company Appeninn Holding has been assigned a ‘B+’ issuer rating by Scope Ratings...

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...