MNB

MNB

UniCredit profit down 5% year-on-year in 2017

Italian bank UniCredit booked after-tax profit of EUR 165 million at its business in Hungary in 2017, down 5% year-on-year,...

MNB

MNB intʼl reserves up EUR 46 mln in January

International reserves of the National Bank of Hungary (MNB) stood at EUR 23.414 billion at the end of January, up...

MNB

Hungary repays first drawdown of Paks loan

Hungary will make an early repayment of EUR 78.2 million previously drawn for financing the upgrade of the Paks Nuclear...

MNB

MNB aims to reduce country risk premium – Nagy

The Monetary Council of the National Bank of Hungary (MNB) is committed to reducing the country risk premium paid on...

MNB

M&A deals totaled EUR 2.7 bln in Hungary last year

China became the largest outside investor in the Central, Southeast and East European countries in 2017, according to a report...

MNB

Ministry, central bank expect 4% GDP growth in 2017

Both the Ministry for National Economy and the National Bank of Hungary (MNB) expect GDP growth of around 4% in...

MNB

UniCredit Mortgage Bank bonds rated by Moodyʼs

Moodyʼs Investors Service on Friday assigned definitive Baa1 long-term ratings to the mortgage-covered bonds issued by UniCredit Mortgage Bank Zrt.,...

MNB

Trade surplus narrows slightly in November

In euro terms, exports were up by 6.1% and imports by 7.8% in November 2017 compared to the same month...

MNB

Tender lowers ‘fine-tuning’ FX swap stock

The National Bank of Hungary (MNB) on Monday injected HUF 99.8 billion forint liquidity into the Hungarian banking system through...

MNB

MNB: Retail lending stock lower in November

Hungarian banksʼ retail lending stock dropped HUF 27 billion to HUF 5,826 bln in November from the previous month, falling...

MNB

Hungaryʼs external debt continues to shrink

Hungaryʼs sustained net external financing capacity - the combined surplus of the current and capital accounts - has cut the...

MNB

Tender lifts ‘fine-tuning’ FX swap stock to HUF 1.618 tln

The National Bank of Hungary (MNB) on Tuesday injected HUF 99.7 billion of forint liquidity into the Hungarian banking system...

MNB

MNB: Hungarian state debt slightly lower in Q3

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.4% of GDP at the end of the third quarter...

MNB

Hungarian trade surplus revised downwards

Hungaryʼs October trade surplus was revised downwards to EUR 495 million in a second reading of data released by the...

MNB

Tender lowers ‘fine-tuning’ FX swap stock to HUF 1.518 tln

The National Bank of Hungary (MNB) injected HUF 21.9 billion liquidity into the Hungarian banking system yesterday via a "fine-tuning...

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...