MNB

MNB

MNB allots HUF 200 bln at third EUR/HUF FX swap tender

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

MNB

EC revises Hungary GDP growth forecast down to 2.1%

Hungaryʼs real GDP growth is expected to be 2.1% this year, the European Commission said in its autumn economic forecast...

MNB

Trade surplus over EUR 1 bln in September

Hungaryʼs trade surplus reached EUR 1.04 billion in September, up EUR 175 million compared to the same month a year...

MNB

Mol bids for Anheuser-Busch brands, Reuters reports

Hungary’s oil and gas company Mol is one of at least six companies submitting indicative offers by industry players and...

MNB

MNB international reserves rise EUR 1.339 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.999 bln at the end of October, up...

MNB

Provisions release lifts Erste Bank Hungaryʼs profit to EUR 110 mln

Austriaʼs Erste Group booked net income of EUR 109.6 million at its business in Hungary in Q1-Q3, improving from a...

MNB

Lower development write-offs lift Graphisoft Park profits

Graphisoft Park, a listed company that owns and operates a business park in the north of the capital, had after-tax...

MNB

MNB report outlines use of macroprudential instruments

In a new report published today, the National Bank of Hungary (MNB) presents the macroprudential instruments it has used recently...

MNB

ConvergenCE leases space for SPAR in CityZen

The CityZen Office Building has recently leased its entire 853 square-meter ground floor to SPAR Hungary, independent real estate investment...

MNB

MNB surprises with dovish steps, Nomura says

While holding the base rate intact at 0.9% yesterday, the decision by the National Bank of Hungary (MNB) to cut...

MNB

MNB injects HUF 200 bln into market at swap tender

The National Bank of Hungary (MNB) said on Monday it had injected another HUF 200 bln forint liquidity into the...

MNB

MNB to offer HUF 150 bln of 3-month deposits at first capped tender

The National Bank of Hungary (MNB) will offer banks up to HUF 150 bln of three-month deposits at a first...

MNB

MNB delays application of capital buffers for big banks

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to delay the introduction of capital buffer...

MNB

Volume of home loans continued to rise in H1 2016

In the first half of 2016, the volume of new home loans was HUF 217.3 bln, up 57% annually compared...

MNB

MNB accepts HUF 200 bln of bids at FX swap tender

The National Bank of Hungary (MNB) held its first “fine-tuning swap tender” where it offered one-month forint swaps to inject...

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...