MNB

MNB

Erste Bank Hungary operating profit down 24.4% in Q1

Austriaʼs Erste Group booked a first-quarter loss of €200,000 at its business in Hungary, a big improvement over a net...

MNB

EC projects faster growth, higher structural deficit for Hungary

The European Commission (EC) expects Hungaryʼs GDP to grow 2.5% in 2016 and 2.8% in 2017 in its fresh spring...

MNB

MFB signs for HUF 150 bln club loan from consortium of Hungarian banks

The state-owned Hungarian Development Bank (MFB) signed a HUF 150 billion club loan agreement with a consortium of ten Hungarian...

MNB

MNB aims to put excessive rate cut expectations in check

The National Bank of Hungary (MNB) perceives market expectations for further monetary easing as “excessive” and wants to weaken these...

MNB

Debt refinancing to focus on forint, retail issues

Hungaryʼs government plans to continue refinancing its maturing FX debt with forint-denominated issues and boost the share of state debt...

MNB

Varga: 2017 deficit could speed up economic growth

The Hungarian government is promoting a larger government deficit for next year to help speed along more sustainable economic growth,...

MNB

CEO: Eximbank should not add to accounting of state debt

Magyar Eximbank only transfers a little more than 8% of its outlays to domestic companies, so its spending should not...

MNB

Sopron Bank receives HUF 29 mln fine

The National Bank of Hungary (MNB) fined Sopron Bank Burgenland HUF 29 million on charges of a number of regulatory...

MNB

MNB weighs future of interest-rate swaps

The National Bank of Hungary (MNB) will weigh whether the interest rates swaps it offers lenders who buy government securities...

MNB

MNB international reserves fall more than €4 bln in March

The National Bank of Hungaryʼs (MNB) international reserves stood at €27.551 billion at the end of March, down by €4.164...

MNB

MNB mulls raising FGS cap by HUF 100 bln

The National Bank of Hungary (MNB) is considering raising this yearʼs limit for its Funding for Growth Scheme (FGS) by...

MNB

Varga: Hungary fully repaid 2008 IMF-EU loan

Hungary has fully repaid loans it took out in 2008 from the International Monetary Fund (IMF) and the European Union...

MNB

MNB: Net lending of Hungarian economy rose to 8.8% of GDP in 2015

In 2015 the net lending of the Hungarian economy rose to 8.8% of GDP, as both the current account surplus...

MNB

MNB: Households save net 7.9% of GDP in 2015

Net household financial savings reached HUF 2.665 trillion, or 7.9% of GDP, in the twelve months leading to the end...

MNB

MNB: Hungary Maastricht debt 75.3% of GDP at end of 2015

Maastricht state debt stood at 75.3% of GDP at the end of December 2015, down from 76.2% at the end...

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...