MNB

MNB

Erste Group books Q1 net income of EUR 27.8 mln in Hungary

The Austrian Erste Group booked first-quarter net income of EUR 27.8 million at its business in Hungary, after making a...

MNB

MNB allots combined HUF 150 bln at EUR/HUF FX-swap tenders

The National Bank of Hungary (MNB) said yesterday it had injected another HUF 150 billion forint liquidity into the Hungarian...

MNB

Fiscal Council head expects GDP growth to surpass 4%

Economic growth in Hungary could be above 4% of GDP both this year and next year, the head of the...

MNB

MNB keeps base rate on hold, as expected

As expected, the Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate...

MNB

Eurostat maintains reservations over accounting of Magyar Eximbank

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

MNB

Eximbank signs surety contract with World Bankʼs MIGA

Magyar Eximbank signed a contract with the World Bankʼs Multilateral Investment Guarantee Agency (MIGA) on 95% surety for EUR 300...

MNB

MNB allots HUF 150 bln at one-month EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted HUF 150 billion, or EUR 480 million, as the offered volume of one-month...

MNB

Trade surplus widens, capital transfers from EU drop in February

Hungaryʼs trade surplus neared EUR 950 million in February, up more than EUR 200 mln from January on a rising...

MNB

Households’ net financial assets surpass GDP in 2016

Net household financial assets in Hungary rose to HUF 35.752 billion at the end of 2016, and surpassed the countryʼs...

MNB

MNB allots HUF 200 bln at one-month EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted HUF 200 billion of one-month forint swaps against euros at a tender on...

MNB

Immofinanz Hungary’s portfolio worth EUR 468 mln in 2016

By the end of 2016, the Hungarian portfolio of Immofinanz comprised 11.7% of the total, with the exclusion of Russia,...

MNB

APS Investment to acquire MARK Zrt.

Slovakian-based credit management company APS Investment will acquire the Hungarian Restructuring and Debt Management Company (MARK Zrt.), the National Bank...

MNB

MNB international reserves fall EUR 767 mln in March

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 24.398 billion at the end of March, down EUR...

MNB

Hungaryʼs net external financing capacity among highest in EU

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - fell in 2016, but...

MNB

Funding for Growth Scheme ends after disbursing HUF 2.811 tln

Some 13,934 Hungarian microbusinesses and SMEs have tapped about HUF 685 billion in cheap credit available in the third and...

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...