MNB

MNB

External financing capacity shrinks in Q2 – MNB

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - was EUR 1.38 billion...

MNB

Graphisoft Park EBITDA grows 15% in first half

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

MNB

Smaller provisions release weighs on Raiffeisenʼs Hungarian earnings

Austriaʼs Raiffeisen Bank International (RBI) booked first-half after-tax profit of EUR 26 million at its business in Hungary, down 61%...

MNB

Trade surplus amounts to EUR 1.07 bln in June

In euro terms, exports grew by 8.9% and imports by 8.4% in June 2018 compared to the same month of...

MNB

Wabererʼs profit drops in Q2

Revenue of Hungarian road haulage group Wabererʼs rose 17% year-on-year to EUR 185 million in the second quarter of 2018,...

MNB

International reserves at Hungaryʼs MNB lower in July

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 23.944 billion at the end of July, down EUR...

MNB

Hungaryʼs trade surplus revised upwards

Hungaryʼs trade surplus came to EUR 596 million in May, according to a second reading of data by the Central...

MNB

PPF Group winds up Telenor assets acquisition

The Czech PPF Group announced on Tuesday that it has completed its acquisition of Norwegian telecom Telenorʼs assets in Central...

MNB

Loose Monetary Conditions to Remain Until Mid-2019

The latest decision of the rate-setters at the National Bank of Hungary (MNB) didn’t come as a surprise: the Monetary...

MNB

Fiscal Council greenlights final vote on 2019 budget

Hungaryʼs Fiscal Council on Tuesday gave its go-ahead for Parliament to take a final vote on the 2019 budget bill...

MNB

Private debtors reach record high in Hungary

The number of private debtors registered in the retail subsystem of the Central Credit Information System (KHR) in Hungary has...

MNB

Weak Forint, Sluggish Industrial Performance Only Temporary

Hungary’s industry barely expanded in May, while the June consumer price index exceeded the central bank’s mid-term goal of 3%....

MNB

Weak Forint, Sluggish Industrial Performance Only Temporary

Hungary’s industry barely expanded in May, while the June consumer price index exceeded the central bank’s mid-term goal of 3%....

MNB

Trade surplus reaches EUR 577 mln in May

In euro terms, exports were practically unchanged and imports rose by 2.9% in May 2018, compared to May 2017, shows...

MNB

International reserves slightly lower

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 24.061 billion at the end of June, down EUR...

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...