MNB

MNB

Hungary’s trade surplus grows to EUR 891 mln in Oct

Hungary’s trade surplus was up by EUR 167 million in October, compared to the same period in 2015, amounting to...

MNB

Businesses use HUF 356 bln of phase III FGS credit

So far this year, some 9,666 Hungarian microbusinesses and SMEs have tapped a total of HUF 356 billion in cheap...

MNB

MNB int’l reserves rise EUR 149 mln in November

International reserves of the National Bank of Hungary (MNB)  stood at EUR 25.15 billion at the end of November 2016,...

MNB

Short-term loans, SMEs drive business lending in Q3, MNB says

Lending of domestic banks to non-financial companies rose 1.8% year-on-year in Q3, with most of the rise coming from short-term...

MNB

Drop in banksʼ retail loans slows, new contracts up, says MNB

The contraction of the household loan portfolio of Hungary-based credit institutions slowed to 2.5% year-on-year by the end of September,...

MNB

CIB sees growth accelerating to 2.7% in 2017

CIB Bank analysts project Hungaryʼs GDP growth will accelerate to 2.7% next year from 2.1% in 2016, but still remain...

MNB

FGS scheme extended until March 2017

The Monetary Council (MC) of the National Bank of Hungary (MNB) has decided to extend the application deadline for SMEs...

MNB

Central bank keeps base rate on hold, narrows corridor

The Monetary Council (MC) of the National Bank of Hungary (MNB) left its base rate on hold at 0.90% at...

MNB

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

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

MNB

Hungary’s FX debt ratio falls under 25%

The ratio of foreign currency instruments in Hungaryʼs state debt fell under 25% in October, recent data released Monday by...

MNB

Bank lending to SMEs below undertakings, but stock still rising

Banks that undertook to increase their lending to SMEs by HUF 195 billion in the spring are estimated to have...

MNB

Hungary’s state debt reaches 74.2% of GDP in Q3

Hungaryʼs state debt stood at 74.2% of GDP at the end of Q3, down from 75.0% at the end of...

MNB

Raiffeisen books EUR 48 mln profit in Hungary in Q1-Q3

Austriaʼs Raiffeisen Bank International (RBI) booked a EUR 48 million profit at its Hungarian business in the first three quarters...

MNB

Masterplast Q3 profit falls as revenues drop, financial loss grows

Hungarian building materials maker Masterplastʼs third-quarter net income fell 32% year-on-year to EUR 972,000 on a decline in revenues and...

MNB

Record net external financing capacity in Q3, data suggest

Hungaryʼs net external financing capacity rose to EUR 3.89 billion in the third quarter, a new record, as surpluses in...

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...