MNB

MNB

MNB projects current account deficits through 2021

The National Bank of Hungary (MNB) projects the country will run current account deficits through 2021, forecasts in the central...

MNB

MNB keeps base rate on hold; lifts inflation, GDP forecasts

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the base rate at 0.90% at its...

MNB

Pénzügykutató raises GDP growth forecast to 4.7%

Economic research firm Pénzügykutató has raised its projection for Hungaryʼs GDP growth this year to 4.7% in a forecast released...

MNB

Poland to double health spending by 2024, Kaczyński says

Poland is set to double spending on healthcare by 2024, Jarosław Kaczyński, leader of the governing conservative Law and Justice...

MNB

FDI income in Hungary reaches EUR 9.243 bln in 2018

Foreign direct investment (FDI) income in Hungary came to EUR 9.243 billion last year, annual data published by the National...

MNB

AutoWallis assigned ‘B3’ issuer rating for BGS participation

AutoWallis has been assigned a B3 issuer rating by Scope Ratings, the listed automotive holding said in a statement, adding...

MNB

MNB forecasts deficit undershoot in 2019

The National Bank of Hungary (MNB) projects the general government deficit, calculated according to European Union accounting rules, will reach...

MNB

Budapest Bank profit falls 30% in H1

First-half after-tax profit of Budapest Bank fell 30% year-on-year to HUF 6.4 billion, the lender said on Monday, as reported...

MNB

MNB extends SRB requirement to non-problem FX project loans

The National Bank of Hungary (MNB) on Monday said it will extend a systemic risk buffer (SRB) requirement earlier rolled...

MNB

Gov’t has no exchange rate target

Prime Minister Viktor Orbán’s cabinet chief Gergely Gulyás said the government had no exchange rate target when asked about the...

MNB

MNB notes downside inflation risks, impact of Plusz bonds

Downside inflation risks have strengthened, the rate-setting Monetary Council of the National Bank of Hungary (MNB) said at its monthly...

MNB

145 companies registered for MNB’s corporate bond scheme

Some 145 companies with combined total assets nearing around 15% of GDP have registered to date in the MNB’s Bond...

MNB

4iG shareholders okay bond issue; shares included in CECE index

Shareholders of listed IT company 4iG mandated the board to issue up to HUF 30 billion of corporate bonds, to...

MNB

Trade surplus reaches EUR 276 mln in July

Hungary had a EUR 276 million trade surplus in July, up just EUR 19 mln from the same month a...

MNB

MNB intʼl reserves climb EUR 1.666 bln in August

The international reserves of the National Bank of Hungary (MNB) stood at EUR 28.762 billion at the end of August, up...

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...