MNB

MNB

Hungarians still borrowing more than they repay

In May, people continued to take out several million forints more in loans than the amount they repaid, so that...

MNB

Pannon Fuel to construct 39 new CNG stations in Hungary

Pannon Fuel is anticipated to begin the construction of 39 compressed natural gas (CNG) stations in Hungary in fall, the...

MNB

National Bank of Hungary keeps base lending rate at 0.9%

The Monetary Policy Council (MPC) of the National Bank of Hungary kept the base lending rate on hold at 0.9%...

MNB

Survey: More Japanese companies in Hungary

An annual survey by the Japan External Trade Organization (JETRO) revealed a slight increase in the amount of Japanese-owned companies...

MNB

Ratio of FX state debt set to drop to 27%

The proportion of Hungary’s state debt denominated in foreign currency could fall to 27% by year’s end, György Barcza, head...

MNB

OTP Group receives HUF 55 mln fine

Hungary’s OTP Group received a fine of HUF 55 million by the National Bank of Hungary (MNB) on charges of...

MNB

MNB international reserves fall €678 mln in June

The National Bank of Hungaryʼs (MNB) international reserves stood at €24.785 billion at the end of June, down €678 million...

MNB

BSE share turnover reaches HUF 205 bln in June

Share turnover on the Budapest Stock Exchange (BSE) reached HUF 205 billion in June, up from HUF 177 bln in...

MNB

Erste Mortgage Bank cleared for operation

Erste Mortgage Bank was awarded an operating licence by the National Bank of Hungary (MNB) on Thursday, parent Erste Bank...

MNB

Household savings decreases to 6.1% of GDP in Q1

The rolling four-quarter net household savings ratio of Hungary decreased to 6.1% of GDP in Q1, said the National Bank...

MNB

Hungaryʼs state debt reaches 77.2% of GDP in March

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 77.2% of GDP at the end of March, data released...

MNB

MNB to keep 0% countercyclical capital buffer rate

The National Bank of Hungary (MNB) determined that it will keep the existing level of a 0% countercyclical capital buffer...

MNB

MNB puts 2016 deficit at 1.6% of GDP, if reserves not spent

The National Bank of Hungary (MNB) projects Hungaryʼs government deficit will reach 1.6% of GDP this year, if fiscal reserves...

MNB

Commerzbank: MNB could cut base rate further by end-2017

Although the National Bank of Hungary (MNB) might not cut its base rate this year, the central bank could continue...

MNB

Hungarian student loan rates temporarily lowered

Hungarian state-owned student loan lender Diákhitel Központ is lowering the interest rate on its loans by 0.15% for the period...

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...