MNB

MNB

Trade surplus drops as imports grow faster than exports

Hungary’s external trade surplus was down by €85 million to €855 mln in September, as compared to the same period a year...

MNB

MNB: Outstanding household loans continue to fall for sixth straight year

In the third quarter of 2015, outstanding loans supplied to households by credit institutions decreased by HUF 67 bln as...

MNB

MNB: Lending dynamics in the SME segment improve in Q3 2015

In the third quarter of 2015, the outstanding borrowing of the SME sector increased by HUF 74 billion, and the...

MNB

Forint down in euro, up in dollar after ECB

The forint was trading at 312.36 to the euro late Thursday on the interbank forex market, down from final quotes...

MNB

MNB fines Biztonság-Trade HUF 500 mln for unlicensed activity

The National Bank of Hungary (MNB) today said it had fined Biztonság-Trade HUF 500 mln for providing unlicensed financial services...

MNB

MNB: Two-thirds of clients to see lower instalments with car loan conversion

The monthly installments of about two-thirds of FX car and personal loan clients will drop with the conversion of their...

MNB

BUX corrects down from peak, Richter hit by profit taking

The Budapest Stock Exchangeʼs main BUX index finished down 0.69% at 23,681.22 Wednesday after gathering 0.33% on Tuesday. It is...

MNB

Banks disburse HUF 800.4 bln in loans in phase II of FGS

Net of repayments, banks disbursed HUF 800.4 billion in loans as of November 27 to small- and medium-size enterprises (SMEs)...

MNB

MNB clears Erste mortgage bank

The National Bank of Hungary (MNB) has cleared the establishment of a mortgage bank by Erste Bank Hungary, according to...

MNB

KPMG: Lenders cautiously optimistic about corporate lending

Consultancy KPMGʼs gauge of sentiment on the corporate lending market has risen to 2.73 points this year from 2.5 in...

MNB

Hungarian banks achieve HUF 163 bln pre-tax profit in Q1-Q3

Hungarian credit institutions had a combined pre-tax profit of HUF 163.1 billion in the first three quarters of 2015 compared...

MNB

Reuters: MNB considers cutting GDP growth

The National Bank of Hungary (MNB) is expected to cut its economic growth outlook sharply in December, and if it...

MNB

Forint drifts in thin trade

 The forint was trading at 312.08 to the euro late Thursday on the interbank forex market, practically unchanged from final...

MNB

Forint fairly stable versus euro, dives in dollar

The forint was trading at to 312.31 the euro late Wednesday on the interbank forex market, slightly down from final...

MNB

National Economy Ministry submits proposal to change bank levy rules

Hungary’s National Economy Minister Mihály Varga submitted a proposal to Parliament yesterday to revise bank levy rules, effectively reducing the...

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...