MNB

MNB

The Case for Gold as an Investment: Part III

Les Nemethy concludes his three-part series looking at the arguments for investing in gold....

MNB

The Case for Gold as an Investment: Part II

Part I of this series tackled the value of gold as a portfolio hedge. In this article, Les Nemethy and...

MNB

Moody’s upgrades MKB deposit ratings

Moody’s Investors Service says it has upgraded the long-term local and foreign currency deposit ratings of Hungary’s MKB Bank from...

MNB

MNB: bank sector still resilient to shock, but risks remain

The shock-absorbing capacity of Hungarian banks “continues to be robust,” but sustainable profitability is low, the National Bank of Hungary...

MNB

Appeninn profits skyrocket on portfolio value growth in 2018

Real estate holding company Appeninn Nyrt.ʼs revenue from real estate leasing rose from EUR 4.9 million to EUR 7 mln...

MNB

Hungary state debt at 70.1% of GDP at the end of Q1

Hungaryʼs state debt stood at 70.1% of GDP at the end of March, down from 70.8% of GDP at the...

MNB

Hungary external financing capacity at EUR 1.12 bln in Q1

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - stood at EUR 1.119...

MNB

OBA to buy back last tranche of HUF 107.7 bln bond

Hungaryʼs National Deposit Insurance Fund (OBA) said it will buy back the last tranche of a HUF 107.7 billion bond...

MNB

Forint liquidity of banking sector down in April

Forint liquidity of the Hungarian banking sector fell in April, reflected mainly in a decrease in the average stock of...

MNB

Wabererʼs books Q1 loss; eyes improvement in H2

Listed Hungarian road haulier Wabererʼs International booked a first-quarter loss of EUR 4.4 million as margins narrowed, an earnings report...

MNB

Graphisoft Park Q1 profit up 10%

First-quarter after-tax profit of Graphisoft Park, a listed company that owns and operates a business park in the north of...

MNB

Surplus in goods trade EUR 677 mln in March

In euro terms, exports increased by 4.9% and imports by 5.6% in March compared to the same month of the...

MNB

Eurostat confirms deficit figure, but with reservations

The EU statistics office Eurostat confirmed Hungaryʼs 2018 general government deficit and debt Tuesday as the figures sent to Brussels...

MNB

Hungary has fourth lowest labor costs in EU

Hourly labor costs in Hungary in 2018 were the fourth lowest among EU member states after Bulgaria, Romania and Lithuania,...

MNB

Trade surplus grows to EUR 891 mln in February

Hungary had an EUR 891 million trade surplus in February, widening by EUR 49 mln from the same month a...

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...