MNB

MNB

Payment System Efficiency Continues to Improve – MNB

Progress has been made in most of the areas of Hungary's domestic electronic payments system, a wider range of customers...

MNB

Ratesetters Cut Base Rate to 7%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

MNB

MNB Presents Biodiversity Loss Project Results at Conference

The National Bank of Hungary (MNB) presented the results of a nearly two-year long, European Union-funded project to assess financial...

MNB

MNB International Reserves Climb EUR 839 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 47.735 bln at the end of May, up...

MNB

Rate-setters Point to Need for Maintaining Tight Monetary Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) were in agreement on the need to keep...

MNB

MNB Books HUF 1.763 tln Loss in 2023

The National Bank of Hungary had a HUF 1.763 tln loss in 2023, state news wire MTI writes, citing an...

MNB

MNB Extends Green Capital Requirement Discount Program

The National Bank of Hungary (MNB) has extended the Green Capital Requirement discount program, thanks to which the banks provided...

MNB

Central Bank Base Rate by 50 bp to 7.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 50...

MNB

MNB: Improved Macro Fundamentals Support Pickup on Home Market

Improving macroeconomic fundamentals have supported a pickup in activity on Hungary's home market and caused price rises to accelerate, the...

MNB

Achieving Deficit Targets ‘Crucial’ – Rate-setters

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that meeting deficit targets was a key...

MNB

MNB International Reserves Climb EUR 523 mln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.896 bln at the end of April, up...

MNB

MNB Business Confidence Index Slips in March

The business confidence index of the National Bank of Hungary (MNB) fell to -8 points in March from 0 points...

MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 50...

MNB

MNB Gauges Interest in Operating on Hungary Crypto-assets Market

The National Bank of Hungary (MNB) will conduct a survey to determine the degree of interest among Hungarian companies in...

MNB

Watchdog Fines UniCredit Bank Hungary for Regulatory Shortfalls

The National Bank of Hungary (MNB) has fined UniCredit Bank Hungary HUF 28 million for failing to comply fully with...

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...