MNB

MNB

Waberer’s H1 profit climbs 28%

Hungarian road haulage company Wabererʼs International had net income attributable to equity holders of the parent company amounting to EUR...

MNB

Banks see no major problems as exchange rate scheme concludes

Hungarian banks told state news agency MTI Wednesday that they see no signs of widespread problems with borrower repayments as...

MNB

Graphisoft Park net profit down in Q2, up in H1

Net profit of Graphisoft Park, a listed company that owns and operates a business park in the north of the...

MNB

Trade surplus reaches EUR 1.06 bln in June

The surplus in the external trade in goods in June 2017 amounted to EUR 1.06 billion, the Central Statistical Office...

MNB

MNB intʼl reserves down EUR 1.15 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.307 billion at the end of July, down...

MNB

Erste books EUR 95 mln H1 net income in Hungary

Austriaʼs Erste Group booked net income of EUR 95 million at its business in Hungary in the first half, down...

MNB

OTP Bank expanding in Serbia

The Serbian subsidiary of Hungaryʼs OTP Bank, OTP banka Srbija a.d. Novi Sad, has signed an agreement to purchase 100%...

MNB

External trade surplus EUR 959 mln in May

Both exports and imports grew by close to 20% in euro terms in May, according to a second estimate of...

MNB

MNB fines Porsche Bank HUF 19 mln

The National Bank of Hungary (MNB) today said it has fined Porsche Bank HUF 19 million over shortcomings affecting the...

MNB

MNB keeps base rate on hold, as expected

The National Bank of Hungaryʼs Monetary Policy Council decided to keep the central bankʼs key rate on hold at 0.90%...

MNB

Surplus on trade widens, capital transfers from EU rise in May

Hungaryʼs trade surplus neared EUR 1.2 billion in May, and was up EUR 115 million from April as a rising...

MNB

CEE’s automotive wage growth revs up pressure

With the automotive workforce in Central Europe becoming more expensive, Hungary saw a 10% growth in salaries in the first...

MNB

Banking sector liquidity rises in June

Forint liquidity of Hungaryʼs banking sector rose in June from May, the National Bank of Hungary (MNB) said in a...

MNB

MNB international reserves down EUR 268 mln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 23.461 billion at the end of June, down...

MNB

Trade surplus amounts to EUR 913 mln in May

In euro terms, exports increased by 18.8% and imports by 18.4% in May 2017 compared to the same month of...

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...