MNB

MNB

MNB allots HUF 100 bln at one-month EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month forint swaps against euros at a tender Monday,...

MNB

Hungaryʼs state debt 73.9% of GDP at end of 2016

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 73.9% of GDP at the end of December, down from...

MNB

Hungary’s net external financing capacity drops on lower capital account

Hungary’s net external financing capacity dropped to EUR 980 million in Q4 2016, and full-year financing also fell, to EUR...

MNB

Lower goods trade surplus leads to slight c/a deficit in December

Hungaryʼs surplus in trade of goods shrank to EUR 124 million in December, or about a quarter of the previous...

MNB

European Commission raises GDP growth forecast for Hungary

Hungaryʼs real GDP growth is expected to be 3.5% this year, the European Commission said in its 2017 winter economic...

MNB

KBC books Q4 net income of EUR 23 mln in Hungary

Belgium’s KBC Group booked net income of EUR 23 million at its business in Hungary in the fourth quarter, down...

MNB

Hungary’s trade surplus reaches EUR 556 mln

Hungary’s trade surplus decreased by EUR 82 million to EUR 556 mln in December, compared to the same month in...

MNB

Businesses tap HUF 526 bln in phase III FGS credit in January

A little more than 12,000 Hungarian micro businesses and SMEs tapped about HUF 526 billion in cheap credit available in...

MNB

MNB international reserves climb EUR 329 mln in January

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.713 billion at the end of January, EUR...

MNB

MNB allots HUF 150 bln at EUR/HUF FX swap tender

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

MNB

Commercial property investments up 133% in Hungary in 2016

The value of commercial property investments was up by 133% in Hungary in 2016, reaching EUR 1.7 billion, property consultant...

MNB

Budapest bourse takes roadshow to Warsaw

The Budapest Stock Exchange was promoting local equity investment opportunities in Warsaw yesterday, the bourse said, according to Hungarian news...

MNB

CA Immo buys out Union Investment Real Estate AG

CA Immo has concluded negotiations with Union Investment Real Estate AG on buying the company out by purchasing a 49%...

MNB

MNB allows NPL adjustment for MLS participants

The National Bank of Hungary (MNB) will allow banks participating in the Market-Based Lending Scheme (MLS) to ignore repayments on...

MNB

Nomura: Hungary’s BUBOR seen falling further

While BUBOR (the Budapest Interbank Offered Rate) is seen falling further, the National Bank of Hungary (MNB) could retain its...

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...