MNB

MNB

Trade surplus shrinks to EUR 496 mln in November

The surplus in the external trade in goods amounted to EUR 496 million in November 2018, with exports increasing by...

MNB

MNB to tighten mortgage adequacy ratio

The Mortgage Funding Adequacy Ratio (MFAR), requiring lenders to back at least 20% of their net mortgage loans with long-term...

MNB

MNB intʼl reserves up EUR 2.69 bln in December

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 27.403 billion at the end of December, up EUR...

MNB

Hungary plans no intʼl FX bond issues in 2019

Hungary plans no FX bond issues on international markets in 2019, the Government Debt Management Agency (ÁKK) said in a...

MNB

State debt ratio falls to 72.4% at end of Q3

Hungaryʼs state debt as a percentage of GDP reached 72.4% at the end of the third quarter of 2018, revised...

MNB

Hungary net external financing capacity drops in Q3

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - reached EUR 557 million...

MNB

MNB orders withdrawal restrictions at NHB Growth Credit Bank

The National Bank of Hungary (MNB) on Tuesday said it ordered restrictions on withdrawals of over HUF 7 million from...

MNB

MNB maintains base rate, hints at possible changes

The Monetary Council of the National Bank of Hungary (MNB) decided once again to keep the central bankʼs key rate...

MNB

MNB expects faster economic growth in 2018

The National Bank of Hungary (MNB) said yesterday in a preliminary release of the main forecasts from its quarterly "Inflation...

MNB

Foreign trade surplus in services up in Q3

Hungary’s surplus in the foreign trade of services was EUR 2.463 billion in the third quarter of 2018, up from...

MNB

Trade surplus narrows to EUR 293 mln in October

Hungary had a EUR 293 million trade surplus in October, narrowing by EUR 232 mln from the same month a...

MNB

MNB presses banks to boost lending, improve efficiency

The National Bank of Hungary (MNB), in a biannual report published Thursday, has urged banks to take advantage of balance...

MNB

Hungary lends HUF 25 bln to Kenya and Cape Verde

The Hungarian government is set to grant a total of HUF 25 billion in credit to the Republic of Kenya...

MNB

K&H Hungary records HUF 45.1 bln banking revenue

K&H Bank Group Hungary registered net revenues of HUF 45.1 billion in the first nine months of 2018, with K&H...

MNB

Maastricht debt down to 70.9% of GDP (minus Eximbank)

According to data on the website of the National Bank of Hungary (MNB), general government consolidated gross debt according to...

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...