MNB

MNB

MNB International Reserves Edge Lower in March

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.373 bln at the end of March, down...

MNB

Hungary Rolls out Instant Payment Option for Payment Requests

Hungarian consumers and businesses now have the option to use an instant payment system for electronic payment requests, the National...

MNB

CPI to Climb Temporarily on Costlier Service Prices, Base Effects

The Consumer Price Index, which has fallen into the central bank's 2-4% tolerance band for the past two months, will...

MNB

MNB Keeps Countercyclical Capital Buffer Activation Schedule Unchanged

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to leave the timing for the activation...

MNB

Policymakers Cut Central Bank Base Rate by 75 bp to 8.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB

MNB Signs Cooperation Agreement With NFRA

The National Bank of Hungary (MNB) has signed a cooperation agreement with China's National Financial Regulatory Administration (NFRA) on joint...

MNB

MNB Urges Steps to Improve Competitiveness 

The National Bank of Hungary (MNB) pointed to a decline in Hungary's competitiveness compared to other European Union member states...

MNB

MNB Fines Cash4Car HUF 160 mln for Unlicensed Lending

The National Bank of Hungary (MNB) has fined the local and Czech businesses of Cash4Car HUF 160 million for unlicensed...

MNB

Ratesetters Voted 7:2 for 100 bp Cut 

Members of the Monetary Council of the National Bank of Hungary (MNB) voted 7:2 for a 100-basis-point rate cut at...

MNB

MNB Warns Draft Amendments Would Affect Independence

The National Bank of Hungary (MNB) said amendments to the Central Bank Act drafted by the Finance Ministry would affect...

MNB

MNB: Most Companies Blame GDP Contraction on Inflation

Domestic GDP decreased by 0.9%, the background of which was mainly the falling internal demand due to high inflation, according...

MNB

Ties Between PM, Central Bank Governor ‘Remain Close’

Ties between Prime Minister Viktor Orbán and National Bank of Hungary (MNB) governor György Matolcsy "remain close", the central bank...

MNB

Budget Must Adapt to Economic Environment – Varga

The budget must adapt to the economic environment, while the economy determines fiscal performance, Finance Minister Mihály Varga said at...

MNB

Varga: Gov’t Respects MNB’s Independence

Minister of Finance Mihály Varga acknowledged that his ministry, in consultation with the European Central Bank, was weighing the possibility...

MNB

Policymakers Cut Central Bank Base Rate by 100 bp to 9%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 100...

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...