MNB

MNB

Policymakers Leave Base Rate Unchanged at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) left the central bank base rate unchanged at 6.5% during...

MNB

Maintaining Banks’ Strong Capital Position ‘Pivotal’ – MNB

The National Bank of Hungary (NBH) acknowledged a reduction in overheating risks, in spite of the gradual lending recovery, but...

MNB

MNB Ranks Hungarians Financial Health at 53/100

The National Bank of Hungary (MNB) revealed the results of its inaugural survey on Hungarians' financial health in a release...

MNB

MNB Raises Gold Reserves to 110 Tonnes

The National Bank of Hungary (MNB) has decided to raise the volume of monetary gold in its international reserves from...

MNB

Policymakers Cut Base Rate 25 bp to 6.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

MNB

Rate-setters Agree ‘Cautious and Patient’ Approach Still Needed

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that their approach to monetary policy needed...

MNB

MNB Leaves Base Rate on Hold at 6.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate on hold...

MNB

MNB Business Confidence Index Edges up in July

The business confidence index of the National Bank of Hungary (MNB) rose to +1 point in July from -4 points...

MNB

MNB International Reserves Rise EUR 1.11 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 47.363 bln at the end of July, up...

MNB

Policymakers Cut Central Bank Base Rate by 25 bp to 6.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

MNB

Budapest School for Central Bank Studies Offering Courses

The Budapest School for Central Bank Studies, the training school of the National Bank of Hungary (MNB), is offering intensive...

MNB

MNB International Reserves Fall EUR 1.484 bln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.251 bln at the end of June, down...

MNB

MNB Increases Countercyclical Capital Buffer Rate to 0.5%

The National Bank of Hungary (MNB) announced late on Tuesday that it will maintain a 0.5pc Countercyclical Capital Buffer (CCyB)...

MNB

MNB Joins Capacity-building Alliance of Sustainable Investment

The National Bank of Hungary (MNB) has joined the Capacity-building Alliance of Sustainable Investment (Casi), the central bank and financial...

MNB

Telco, Banking Sectors Drive Service Price Inflation in Spring

Higher prices in the banking and telecommunications sectors accounted for a big part of service price inflation early in the...

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...