MNB

MNB

External financing capacity improves in Q1 – MNB

In Q1 2018, net lending of the Hungarian economy rose due to rising absorption of EU transfers. As a result...

MNB

State debt figure lowered in second reading

Hungaryʼs state debt as a percentage of GDP reached 73.9% at the end of the first quarter, including Eximbank, a...

MNB

Hungary makes progress in reducing NPL ratios, EBRD says

Credit growth is picking up in Central, Eastern and Southeastern Europe (CESEE) on the back of a robust economic recovery...

MNB

Current account surplus tops EUR 1 bln in Q1

Hungaryʼs current account surplus reached EUR 1.027 billion in the first quarter, the National Bank of Hungary (MNB) said on...

MNB

Central bank to tighten mortgage lending conditions

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

MNB

Banking Association welcomes tighter mortgage lending rules

The Hungarian Banking Association (MBSz) has welcomed plans by the National Bank of Hungary (MNB) to lower statutory debt-to-income ratios...

MNB

Budapest among cheapest cities to relocate, study finds

Living costs for new arrivals spending their first month in Budapest amount to EUR 742.85 on average, placing the Hungarian...

MNB

CE Fund of Funds topped up to EUR 97 mln

The European Investment Fund (EIF) and the Hungarian Development Bank (MFB) today announced the latter’s commitment to the Central Europe...

MNB

Trade surplus declines in April

In euro terms, exports increased by 10.7% and imports by 15.7% in April 2018 compared to the same month of...

MNB

MNB international reserves up EUR 2 bln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 25.172 billion at the end of May, up...

MNB

French poultry processor acquires Hungaryʼs Tranzit

France’s largest poultry processor, LDC, will acquire Hungarian group Tranzit, LDC announced today. The acquisition will provide the company a...

MNB

Outlays of ‘consumer-friendly’ home loans reach HUF 100 bln

The stock of Hungarian lendersʼ outlays of certified "consumer-friendly" home loans is expected to climb over HUF 100 billion by...

MNB

Hungaryʼs central bank not stepping in to strengthen forint

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the MNBʼs key rate on hold at...

MNB

Hungary state debt 74.2% of GDP at end of Q1

Hungaryʼs state debt as a percentage of GDP reached 74.2% at the end of the first quarter, fresh data released...

MNB

Hungary c/a surplus reaches EUR 1.348 bln in Q1

Hungaryʼs current account surplus reached EUR 1.348 billion in the first quarter of 2018, state news agency MTI has calculated...

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...