MNB

MNB

ÁKK sells HUF 35 bln of six-week T-bills, above plan

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of discount six-week T-bills at a liquidity auction on Monday,...

MNB

GKI sees little change in economy in 2018

Trends in the Hungarian economy in the first half of the year have continued in the past few months, and...

MNB

Eurostat maintains reservation on Eximbank accounting

Eurostat continues to have reservations on the way Hungary classifies Magyar Eximbank in its national accounts statistics, the European Unionʼs...

MNB

External financing surplus widens as EU capital transfers restart

Hungaryʼs external financing capacity rose to EUR 539 million in August from a mere EUR 14 mln in July, mainly...

MNB

Despite strategy shift, Raiffeisen still looks to retail for returns

The local unit of Austrian-owned Raiffeisen Bank isnʼt "turning its back" on its retail clients in spite of a strategy...

MNB

Banks offer 104 ‘consumer-friendly’ home loan products

All major banks and savings cooperatives in Hungary are offering "consumer-friendly" home loan products, providing consumers a total of 104...

MNB

Negative real interest rates could stay for years – Nagy

Real negative interest rates could remain for 7-8 years, and offer a historical opportunity to businesses, households and the government,...

MNB

Bird flu impacts Hungarian trade surplus

Hungaryʼs external trade in goods saw a EUR 440 million surplus in August, down EUR 119 mln year-on-year, according to...

MNB

MNB allots almost HUF 216 bln at EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted a combined HUF 215.6 billion of swaps against euros at a tender on...

MNB

Hungarians using fewer credit cards

At the end of June, the number of credit cards was 76,000 fewer than one year ago, while use of...

MNB

MNB confirms state debt at 74.4% of GDP at end of H1

Hungaryʼs state debt, calculated according to Maastricht rules, decreased from 74.9% of GDP at the end of March to 74.4%...

MNB

Monetary policy loosening has desired effect

Bond yields fell and the Hungarian forint returned to a weaker level after the National Bank of Hungary (MNB) loosened...

MNB

Net external financing capacity up in Q2

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - rose to EUR 3.122...

MNB

Unicredit joins banks certified to offer consumer-friendly loans

UniCredit Bank Hungary has been certified with immediate effect to offer "consumer-friendly" home loans, state news wire MTI cited the...

MNB

MNB cuts 2018-2019 inflation forecasts, maintains GDP projections

The National Bank of Hungary (MNB) maintained its 2.4% inflation forecast for this year and kept its GDP projections unchanged...

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...