MNB

MNB

Net external financing capacity down sharply in Q3

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - reached EUR 1.103 billion...

MNB

MNB keeps inflation projections under 3%

Hungaryʼs consumer inflation will reach the central bankʼs 3.0% mid-term target "by the middle of 2019," the National Bank of...

MNB

MNB sets mortgage bond purchase scheme cap

The National Bank of Hungary (MNB) will cap its purchases of mortgage bonds at 70% in a scheme to be...

MNB

ÁKK to offer primary dealers domestic eurobonds

Hungaryʼs Government Debt Management Agency (ÁKK) will start offering primary dealers domestic issues of eurobonds at auction on a quarterly...

MNB

MNB leaves base rate, ups GDP growth forecast

The Monetary Council of the National Bank of Hungary (MNB) decided to keep its key rate on hold at 0.90%...

MNB

Low-yield environment boosts demand for NPLs

The low-yield environment in Hungary is lifting factoring companiesʼ demand for non-performing loans (NPLs), pro-government daily newspaper Magyar Idők reported...

MNB

MOL signs EUR 750 mln revolving credit facility

Hungarian oil and gas company MOL entered into a EUR 750 million revolving credit agreement with 13 banking groups on...

MNB

MVM signs HUF 200 bln credit agreement

The state-owned Hungarian Electricity Works (MVM) has signed a HUF 200 billion revolving credit agreement with a consortium consisting of...

MNB

Current account balance shows deficit in October

Hungary had a current account deficit of EUR 7.5 million in October, a sharp drop from a EUR 606 mln...

MNB

MFB to auction EUR 50 mln of euro bonds on Dec. 18

The state-owned Hungarian Development Bank (MFB) will offer EUR 50 million of euro-denominated bonds maturing in July 2019 at a...

MNB

Hungary trade surplus at EUR 522 mln in October

Hungary had a EUR 522 million trade surplus in October, the Central Statistical Office (KSH) said in a first reading...

MNB

MNB maintains schedule of systemic risk buffer increases

The Financial Stability Board of the National Bank of Hungary (MNB) has decided at an annual review to leave the...

MNB

Budapest bourse to introduce mortgage bond indices

The Budapest Stock Exchange (BSE, or BÉT using its Hungarian acronym) will launch three mortgage bond indices, unique in the...

MNB

Hungary joins Sino-CEE Fund

Hungaryʼs government has decided to join the Sino-CEE Fund with a EUR 50 million contribution, according to a resolution published...

MNB

MNB reaches for unconventional monetary policy tools

The Monetary Council of the National Bank of Hungary (MNB) has decided to introduce two unconventional monetary policy tools from...

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...