MNB

MNB

MNB allots HUF 228 bln of lending-linked swaps at tender

The National Bank of Hungary (MNB) accepted bids for interest rate swaps conditional on lending activity (LIRS) worth a total...

MNB

MNB leaves countercyclical capital buffer at 0%

The National Bank of Hungary (MNB) has left the rate of its countercyclical capital buffer (CCyB), established last year to...

MNB

Hungary state debt 74.3% of GDP at end of Q1

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 74.3% of GDP at the end of March, up from...

MNB

Hungary’s trade surplus drops to EUR 865 mln in April

Hungary’s trade surplus dropped by EUR 111 million to EUR 865 mln in April, compared to the same period a...

MNB

ÁKK cuts commissions to slow sales of retail securities

The Government Debt Management Agency (ÁKK) yesterday said it is cutting the commission on sales of retail government securities by...

MNB

Wabererʼs offer price set at HUF 5,100, low end of range

The offer price in an IPO of shares of Hungarian haulier Wabererʼs International was set at HUF 5,100 per share,...

MNB

Diehl invests HUF 3.7 bln in capacity expansion

Germanyʼs Diehl Aerosystems is investing HUF 3.7 billion in increasing the production capacity of Diehl Aircabin Hungary, based in Nyírbátor...

MNB

2016 net external financing capacity revised up in 2nd reading

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - came to EUR 6.23...

MNB

Interest on student loans to drop by yearʼs end

State-owned student loan provider Diákhitel Központ has announced it will be lowering interest rates on its loans in the second...

MNB

Hungary’s net external financing capacity at 5% of GDP in Q1

Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts -...

MNB

MNB lowers inflation forecast to 2.4% for 2017

The National Bank of Hungary (MNB) lowered its inflation forecast for 2017 to 2.4% in its quarterly Inflation Report released...

MNB

Microbusinesses receive FGS credit of HUF 860 bln

Hungarian microbusinesses were the recipients of HUF 860 billion in cheap credit under the Funding for Growth Scheme (FGS) of...

MNB

MNB issues recommendation on corporate NPLs

The National Bank of Hungary (MNB) said on Friday it has issued a recommendation for financial institutions on managing corporate...

MNB

Trade surplus drops to EUR 878 mln in April

Hungary’s surplus in external trade in goods dropped by EUR 98 million to EUR 878 mln in April, compared to...

MNB

MNB int’l reserves down EUR 648 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 23.729 billion at the end of May, down...

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...