MNB

MNB

ÁKK launches 2-year bonds for retail investors

Hungaryʼs Government Debt Management Agency (ÁKK) launched sales of two-year government securities targeted at retail investors on Monday, Hungarian news...

MNB

MNB allots combined HUF 200 bln of EUR/HUF swaps at tender

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month and HUF 100 bln of three-month forint swaps...

MNB

MNB explains discrepancy between earlier GDP growth forecast, actual figure

The National Bank of Hungary has attributed a marked difference between its earlier projection for 2016 GDP growth and the...

MNB

MNB leaves countercyclical capital buffer rate at 0%

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

MNB

MNB ‘unexpectedly dovish’ after Council meeting

The National Bank of Hungary (MNB) is being viewed as unexpectedly dovish after its Monetary Council decided Tuesday to set...

MNB

Eyes fixed on MNB’s council meeting Tuesday

Tomorrow’s meeting of the Monetary Council of the National Bank of Hungary (MNB) is expected to be characterized by further...

MNB

Net external financing capacity EUR 742 mln in Q4

Hungaryʼs net external financing capacity — the combined surplus of the current and capital accounts — came to EUR 742...

MNB

Siemens Hungary, Austria sign contract to make electric locomotives for GYSEV

GYSEV, a regional railway company owned by the states of Hungary and Austria, signed an agreement on Tuesday with the...

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 yesterday,...

MNB

Hungary’s trade surplus grows to EUR 658 mln in January

Hungary’s trade surplus was up by EUR 42 million to EUR 658 mln in January, compared to the same month...

MNB

MNB international reserves climb EUR 454 mln in February

International reserves of the National Bank of Hungary (MNB) stood at EUR 25.165 billion at the end of February, up...

MNB

MLS banks raise SME outlays over HUF 300 bln last year

Banks that participated in the Market-Based Lending Scheme (MLS) raised their outlays to SMEs by HUF 302 billion last year,...

MNB

Hungary’s external trade surplus grows to EUR 9.9 bln in 2016

Hungary’s surplus on the trade balance increased by EUR 1.3 billion and amounted to EUR 9.9 bln in 2016 as...

MNB

Banks work to shed non-performing loans

In the last five years the ratio of banksʼ non-performing loans (NPLs) — those past 90 days due — compared...

MNB

Matolcsy: FX share of state debt should be cut to 10% by 2020

The share of state debt denominated in foreign currency fell to 31% by the end of 2015 and to 25%...

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...