MNB

MNB sees CPI dropping to target from mid-2019

Inflation will remain slightly over 3% in the short term, but underlying developments will ensure the achievement of the inflation...

MNB

Deficit target achievable with ‘robust’ spending control, says Fiscal Council

In a biannual opinion on budget trends released on Wednesday, Hungaryʼs Fiscal Council said the governmentʼs deficit target of 2.4%...

MNB

MNB keeps base rate on hold, reviews policy instruments

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank’s key rate on hold...

MNB

Int’l reserves up EUR 320 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.264 billion at the end of August, up...

MNB

Banksʼ H1 profits down 17% on smaller provisions release

After-tax profits of Hungaryʼs banking sector dropped 17% year-on-year to HUF 300 billion in the first half of 2018 as...

MNB

Trade surplus EUR 373 mln in July

In euro terms, exports were up 11.4% and imports by 10.6% in July 2018, compared to the same month of...

MNB

Scope analyzes reasons behind Hungaryʼs economic outlook

German-based ratings agency Scope Ratings finds Hungaryʼs financial stability high, its debt structure improving, exposure to foreign-currency movements weak, and...

MNB

Hungary June trade surplus revised down to EUR 1.02 bln

The Central Statistical Office (KSH) revised Hungaryʼs June trade surplus to EUR 1.02 billion in a second reading of data...

MNB

SME lending expands 15.7% in Q2

Credit institutionsʼ lending to small- and medium-sized enterprises expanded by 15.7% from a year earlier in Q2 2018, after increasing...

MNB

Masterplast Q2 profit doubles as revenue grows 14%

Net income of bourse-listed Hungarian building materials maker Masterplast in the second quarter of 2018 was EUR 1.65 million, up...

MNB

State Audit Office assesses first-half fiscal trends

Hungaryʼs State Audit Office (ÁSZ) acknowledged favorable macroeconomic trends in a first-half fiscal assessment released on Tuesday, but said risks...

MNB

Hungarians spend 15% of monthly salary on school start

The start of the new school year is known to be a heavy financial burden for families with children. A...

MNB

MNB publishes amended debt-to-income rules

The National Bank of Hungary (MNB) will tighten its debt-to-income (DTI) ratio rules for mortgage loans to help reduce householdsʼ...

MNB

Hungaryʼs state debt at 74.5% of GDP

Hungaryʼs state debt as a percentage of GDP reached 74.5% at the end of the second quarter, fresh data released...

MNB

Altus Portfólió head protests MNB fine

Klára Dobrev, the managing director of Altus Portfólió, has protested against a fine imposed on the asset management firm by...

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

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...

MNB

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

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...

MNB

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...

MNB

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

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...

MNB

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...

MNB

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

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

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

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

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

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...