MNB

MNB

MNB raises inflation forecasts for 2016 and 2017

The National Bank of Hungary (MNB) raised its forecast for average annual inflation this year to 0.5% in its fresh...

MNB

Hungary’s central bank leaves base interest rate intact

As analysts had predicted the week before, the Monetary Policy Council (MPC) of the National Bank of Hungary (MNB) decided...

MNB

Trading in NordTelekom shares suspended

The National Bank of Hungary (MNB) temporarily suspended trading in the shares of Nordtelekom Távközlési Szolgáltató as of today, charging...

MNB

MNB to raise FGS cap by HUF 100 bln

The Monetary Council of the National Bank of Hungary (MNB) yesterday decided to raise the limit of the ongoing third...

MNB

MNB: Transactions reduce credit institutionsʼ household loans by HUF 71 bln in Q1

In 2016 Q1 credit institutionsʼ outstanding household loans decreased by HUF 71 billion as a result of transactions, while write-offs...

MNB

MNB: Lending to SMEs grows, but total corporate lending declines in Q1

Credit institutionsʼ lending to small and medium-sized enterprises increased by 3.4% annually in the first quarter of the year, but...

MNB

MNB to offer HUF 46 bln bridging loan to compensate clients of failed brokerages

The National Bank of Hungary (MNB) said it will grant a HUF 46 billion bridging loan to a special fund...

MNB

MNB deputy governor: Central bank concludes easing cycle

The National Bank of Hungary (MNB) has concluded its easing cycle, National Bank of Hungary deputy governor Márton Nagy told...

MNB

MNB cracks down on unlicensed foreign factors

The National Bank of Hungary (MNB) outlined steps today for its crack down on the sale of impaired assets by...

MNB

MNB to terminate IRS tenders in July

The National Bank of Hungary (MNB) will hold its last tender on July 7 for interest rate swaps it offers...

MNB

MNB international reserves fall more than €1 bln in April

The National Bank of Hungaryʼs (MNB) international reserves stood at €26.432 billion at the end of April, down €1.119 bln...

MNB

MNB spends 0.3% of FGSʼ budget to communicate program

The National Bank of Hungary (MNB) said yesterday that it spent 0.3% of its Funding for Growth Scheme (FGS) budget...

MNB

MNB to pay HUF 50 bln dividend to budget

The National Bank of Hungary (MNB) will pay a HUF 50 bln dividend from last yearʼs earnings into the budget,...

MNB

MNB rolls out new incentive for SME lending

The National Bank of Hungary (MNB) said it will ease capital reserve requirements for banks who keep their promises to...

MNB

Hungarian government submits bill proposal to lower bank levy

Hungary’s National Economy Minister Mihály Varga yesterday submitted a bill to Parliament that aims to reduce the extraordinary levy on...

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...