MNB

MNB

CIB sees 2.8% GDP growth in 2015

Hungary’s GDP is expected to grow by 2.8% this year and continue growing by 2% next year, CIB Bank said...

MNB

Report: Varga expects privatization of MKB Bank, Budapest Bank

Hungarian state-owned MKB Bank and Budapest Bank are very likely to be privatized next year, Hungary’s National Economy Minister Mihály...

MNB

Official: Economic growth expected to reach 3% in 2015

Economic growth in Hungary could be near 3% of GDP this year and could be around 2-2.5% next year, Fiscal...

MNB

ÁKK plan shows HUF 6,389 bln gross issuance next year

Hungaryʼs Government Debt Management Agency (ÁKK) plans gross issuance of HUF 6,389 bln next year, a debt management outlook released...

MNB

Analysts uncertain about nature of MNBʼs ‘unconventional’ instruments

Analysts in London yesterday said they believe the National Bank of Hungary (MNB) is “getting ready for something” but it is...

MNB

Hungary’s central bank keeps base rate at 1.35%

As the market and analysts expected, the Monetary Policy Council (MPC) of the National Bank of Hungary (MNB) decided to...

MNB

London analysts: MNB to keep base rate for now

Hungaryʼs central bank is set leave its base rate at the current 1.35%  level for now and may focus on...

MNB

Reuters poll: MNB to keep base rate on hold

Analysts polled by Reuters expect the National Bank of Hungaryʼs (MNB) rate-setting Monetary Council to keep the current 1.35% base...

MNB

Forint corrects up on interbank market

The forint was trading at 317.36 to the euro late Friday on the interbank forex market, up from final quotes...

MNB

Forint fall slows against euro on interbank market

The forint was trading at 317.51 to the euro late Thursday on the interbank forex market, down from final quotes...

MNB

OTP Bank Romania offers preferential conversion option to CHF loan holders

OTP Bank Romania has offered partial debt cancellation and lower interest rates to its more than 10,000 Swiss franc loan...

MNB

Report: MHB-BANK AG buys MKB’s syndicated loan

MHB-BANK AG purchased MKB Bank’s syndicated loan of €128 million, which it provided for the development of the Arena Plaza shopping...

MNB

Patai: No major growth in corporate lending expected in 2016

Corporate lending at banks in Hungary is not expected to grow next year without additional incentives apart from the National...

MNB

ÁKK sells HUF 25 bln of three-week bills at ʼliquidityʼ auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 25 bln of discount three-week T-bills at a liquidity auction on today,...

MNB

MNB’s international reserves up €1.028 bln in November

International reserves of the National Bank of Hungary (MNB) saw a month-on-month rise of €1.028 billion, reaching €33.140 bln by...

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...