MNB

MNB

MNB keeps base rate on hold, as expected

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

MNB

External financing shrinks on goods trade deficit

Hungaryʼs external financing capacity fell sharply to just EUR 14 million in July as the foreign trade in goods saw...

MNB

Hungary trade surplus lower than expected

Hungary had a EUR 322 million trade surplus in July, the Central Statistical Office (KSH) said in a first reading...

MNB

National Bank international reserves up in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.366 billion at the end of August, up...

MNB

Hungary needs new euro criteria, says MNB deputy gov

Fulfilling the Maastricht criteria is not enough, as Hungary needs new, more relevant criteria to join the euro area and...

MNB

MNB allots combined HUF 49.5 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) injected a total of HUF 49.58 billion forint liquidity into the Hungarian banking system...

MNB

Foreign trade surplus in services narrows in Q2

The surplus in the foreign trade of services stood at EUR 1.880 billion in the second quarter of 2017, down...

MNB

Draghi: ECB continues to monitor MNB foundations

The European Central Bank (ECB) continues to monitor several operations of the National Bank of Hungary (MNB), including the investment...

MNB

June trade surplus revised downward slightly

Hungary had a EUR 998 million external trade surplus in June. The surplus was revised from EUR 1.06 billion in...

MNB

MNB allots combined HUF 175 bln at EUR/HUF FX swap tenders

The National Bank of Hungary (MNB) injected HUF 175 billion of forint liquidity into the Hungarian banking system Monday via...

MNB

Banksʼ household loan portfolios grow nearly 3% in Q2

In Q2 2017, the portfolio of household loans of credit institutions in Hungary increased by 2.81% year-on-year, according to data...

MNB

Raiffeisen Bank certified to offer ’consumer-friendly’ home loans

Raiffeisen Bank is the latest institution to be certified to offer "consumer-friendly" home loans, the National Bank of Hungary (MNB)...

MNB

State debt edges down to 74% of GDP at end of H1

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 74% of GDP at the end of June, down slightly...

MNB

External financing capacity rises on higher EU transfers, c/a surplus

Hungaryʼs external financing capacity rose sharply in June from the previous two months to EUR 1.7 billion because of a...

MNB

Eximbank reclassification could hurt state debt ratio

The inclusion of Magyar Eximbank in Hungaryʼs general government balance could increase state debt as a proportion of GDP 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...