MNB

MNB

Immofinanz reports stable Q1 financial results

Real estate firm Immofinanz recorded stable operating results in the first quarter of its 2016 financial year at EUR 45.3...

MNB

Central bankʼs 3M depo cap seen stricter than expected

While the market almost unanimously expected the Monetary Council of the National Bank of Hungary (MNB) to cap 3M deposit...

MNB

Central bank caps 3M deposits at HUF 900 bln

The Monetary Council of the National Bank of Hungary (MNB) today decided to put a cap on the amount banks...

MNB

Government steps up payouts of advances on EU funding

Hungaryʼs government started paying out advances to recipients of European Union funding in earnest in July, the latest monthly balance...

MNB

Nomura tags today’s MNB meeting ‘more important than usual’

Although analysts at Japanʼs Nomura, in line with the market consensus, do not expect rate setters of the National Bank...

MNB

MNB rate setters will be closely watched

Despite pundits almost unanimously expecting the Monetary Council of the National Bank of Hungary to keep its key rate on...

MNB

MNB international reserves fall €427 mln in August

International reserves of the National Bank of Hungary (MNB)  stood at €24.13 bln at the end of August 2016, down...

MNB

Businesses tap over HUF 200 bln of phase III FGS credit

So far this year, some 6,000 Hungarian microbusinesses and SMEs have tapped into some HUF 202.3 bln in cheap credit...

MNB

MNB optimistic on long-term national debt

The National Bank of Hungary (MNB) forecasts a stronger reduction in the country’s national debt over the next two decades...

MNB

Central bank says deficit may be under 2% target

The state budget deficit could be less than the 2% targeted by the government for 2016, and might even be...

MNB

OTP Romania clients opt into Swiss franc conversion scheme

More than 7,000, or 72%, of OTP Bank Romania clients holding FX loans denominated in Swiss francs opted into the...

MNB

Analysis: MNB to keep key rate on hold next week

In advance of the rate-setting meeting of the Monetary Council of the National Bank of Hungary (MNB) next Tuesday, analysts...

MNB

Erste closes deal with EBRD, Hungarian state

The local unit of Austrian banking group Erste closed a deal yesterday with the state of Hungary and the European...

MNB

Central bankʼs international reserves drop €228 mln in July

The National Bank of Hungaryʼs (MNB) international reserves stood at €24.556 billion at the end of July, down €228 million...

MNB

Immofinanz Hungary represents 8.7% of total portfolio

Properties of Immofinanz in Hungary had a carrying amount of €476.1 million in the past financial year, representing 8.7% of...

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...