MNB

MNB

Inflation is back, says OTP Treasury chief

The dilemma of inflation is back in Hungaryʼs monetary policy, due to a variety of factors such as the abstract...

MNB

Smaller provisions release weighs on RBI earnings in Hungary

Austriaʼs Raiffeisen Bank International (RBI) booked Q1-Q3 after-tax profit of EUR 57 million at its business in Hungary, falling 39%...

MNB

MNB’s Dovish Policy Stance may Hang Around, Analysts Say

London-based financial analysts unanimously say that there are no macroeconomic or market factors that might force the National Bank of...

MNB

CEE Transport backs Wabererʼs after disappointing earnings

CEE Transport, the majority owner of Hungarian road haulage firm Wabererʼs, confirmed its continued support for the company after an...

MNB

MNB policymakers agree close monitoring of commodity prices

The Monetary Council of the National Bank of Hungary (MNB) agreed at a monthly policy meeting in October that the...

MNB

Wizz Air profits edge up; guidance lowered on higher fuel prices

After-tax profit of Hungarian low-cost airline Wizz Air edged up 1.2% to EUR 292.2 million in the first half of...

MNB

Graphisoft Park Q1-Q3 net profit climbs 23%

In the first three quarters of 2018, net profit of Graphisoft Park, a listed company that owns and operates the...

MNB

MNB policy-makers maintain base rate; raise gold reserves tenfold

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

MNB

Revised Deficit Data for 2017

State debt and general government deficit data came out in the past weeks, topped with a lower-than-expected purchasing manager index....

MNB

Trade surplus narrows to EUR 51 mln in August

In euro terms, exports increased by 0.9% and imports grew by 6.1% in August 2018 compared to the same month...

MNB

EIB VP hails commitments to Hungarian projects

The European Investment Bank (EIB) vice president Vázil Hudák signed four separate loan agreements for a total amount of EUR...

MNB

National Bank intʼl reserves down by EUR 538 mln in September

The National Bank of Hungaryʼs (NBH) international reserves stood at EUR 23.726 billion at the end of September, down EUR...

MNB

Hungary inks EUR 225 mln credit deal with EIB

Hungary has signed a EUR 225 million credit agreement with the European Investment Bank (EIB) covering co-financing for European Union-funded...

MNB

July external trade surplus adjusted to EUR 362 mln

In July 2018, export volume rose by 11% and import volume by 9.4% compared to July 2017, latest monthly data...

MNB

State debt, minus Eximbank, at 72.2% of GDP at end of Q2

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.2% of GDP at the end of June 2018, 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...