MNB

MNB

Varga Sworn in as MNB Governor by Sulyok

Mihaly Varga was appointed to a six-year term as Governor of the National Bank of Hungary (MNB) by Hungary’s President...

MNB

New National Bank of Hungary Governor Signs First Banknote

Mihály Varga, the recently appointed governor of the National Bank of Hungary (MNB), put his signature on a banknote issued...

MNB

New MNB Governor Flags ‘Consistent’, ‘Disciplined’ Monetary Policy

Mihály Varga, the new governor of MNB, said the central bank would continue a "consistent" and "disciplined" monetary policy that...

MNB

Mihály Varga Appointed MNB Governor

Hungarian President Tamás Sulyok has appointed former Minister of Finance Mihály Varga to a six-year term as governor of the...

MNB

Varga to Replace Matolcsy at the MNB in March, but What Will Change?

One of the most significant pieces of news from the world of Hungarian finance at the end of last year...

MNB

Green Preferential Capital Requirement Program Extended

The Financial Stability Council of the National Bank of Hungary (MNB) has extended a preferential capital requirement scheme to support...

MNB

Hungarian Central Bank Holds Base Rate Steady at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 6.5% on Tuesday, reaffirming...

MNB

MNB Fines Union Insurance HUF 14.7 mln

The National Bank of Hungary (MNB) issued a fine of HUF 14.66 million to Union Insurance the central bank and...

MNB

MNB: Inflation to Rise Temporarily in Coming Months

Inflation in Hungary will temporarily rise in the coming months but will remain within the tolerance band throughout most of...

MNB

MNB Implements Ethical Regulatory Package for Insurance Market

With the Ethical Insurance 2.0 Regulatory Package, MNB is targeting the market for life insurance firms and aiming to ensure...

MNB

Hungarian Central Bank Leaves Base Rate Unchanged at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank base rate steady at...

MNB

Varga: Achieving Price Stability Top Priority for Central Bank

The primary goal of MNB is achieving and maintaining price stability, it is committed towards its 3% inflation target, Finance...

MNB

More Partners Join Central Bank CyberShield Initiative

State-owned lottery company Szerencsejáték and payment companies Visa and Mastercard have joined CyberShield, a project of the National Bank of...

MNB

Varga Accepts Nomination as MNB Governor

Minister of Finance Mihály Varga said that he will accept the nomination for the role of Governor of the National...

MNB

MNB: Hungarian Banking System ‘Stable’, ‘Resilient’

The Hungarian banking system remains "stable" and "resilient to shocks", while bolstered by "outstandingly high profitability", Zita Fellner, a senior...

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...