MNB

MNB

MNB fines K&H Bank group HUF 69 mln

The National Bank of Hungary (MNB) fined the K&H Bank group HUF 69 mln on charges of shortcomings in its...

MNB

Forint gains against euro, falls versus dollar

The forint was trading at 314.09 to the euro late Thursday on the interbank forex market, up from final quotes...

MNB

Reuters poll: MNB to keep base rate on hold

The rate-setters of the National Bank of Hungary’s (MNB) Monetary Policy Council (MPC) are expected to keep the base rate...

MNB

MFB buys back €95 mln in bonds before expiry

Hungaryʼs state-owned National Development Bank (MFB) has bought back €94.889 million of one of its foreign bond series that expires...

MNB

FGS significantly contributed to economic growth, says MNB official

Without credit disbursements available through the second phase of the National Bank of Hungaryʼs (MNB) Funding for Growth Scheme (FGS)...

MNB

MNB to phase out two-week deposits by end-April

The National Bank of Hungary (MNB) will phase out its two-week deposit facility, earlier its main instrument for sterilizing banking...

MNB

Retail government securities sales reach record HUF 181 bln in Dec

Net sales of retail government securities denominated in forints reached HUF 181 billion in December, a new record, the Government...

MNB

MNB international reserves fall €2.818 bln in December

The National Bank of Hungaryʼs (MNB) international reserves stood at €30.322 billion at the end of December 2015, down €2.818...

MNB

Report: Banks disburse HUF 864.4 bln in loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 864.4 billion in loans by December 31 to small and medium-size enterprises (SMEs) in...

MNB

Forint eases on interbank market

The forint was trading at 314.85 to the euro late Wednesday on the interbank forex market, down from final quotes...

MNB

MNB: International reserves fall, remain well over short-term debt in Q3

The National Bank of Hungaryʼs (MNB) international reserves fell €2.6 billion to €32.1 bln in the third quarter, but were...

MNB

MNB: Hungaryʼs external balances improve, debt ratios fall on big debt repayments in Q3

Hungaryʼs net lending to the rest of the world rose to €9.8 billion to exceed 9% of GDP in the...

MNB

Forint eases versus dollar on interbank market

The forint was trading at 313.73 to the euro late Tuesday on the interbank forex market, up from final quotes...

MNB

Forint mixed on interbank market

The forint was trading at 314.05 to the euro late Tuesday on the interbank forex market, down from final quotes...

MNB

Forint climbs up more on interbank market

The forint was trading at to 314.08 the euro late Monday on the interbank forex market, up from final quotes...

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...