MNB

MNB

Nomura analysts question MNB’s growth program

Although the National Bank of Hungary (MNB) has been on a mission to boost lending and growth over the past...

MNB

MPC holds non-rate-setting meeting

The Monetary Policy Council (MPC) of the National Bank of Hungary (MNB) today held a non-rate-setting meeting, Hungarian news agency...

MNB

MNB plans another HUF 600 bln for SME loan program

The National Bank of Hungary is expected to enter the final phase of its Funding for Growth Scheme (FGS) next...

MNB

Forint falls on interbank market

The forint was trading at 312.75 to the euro late Monday on the interbank forex market, down from final quotes...

MNB

Forint fairly stable in euro, gains versus dollar

The forint was trading at 310.79 to the euro late Friday on the interbank forex market, slightly down from final...

MNB

Takarékbank: Hungarians have more savings, a lot in cash

Hungarian householdsʼ savings have grown over the past 18 months thanks to low inflation and an increase in real wages...

MNB

Hungarian Treasury to extend sales network of gov’t securities

The Hungarian Treasury has plans to extend its government securities sales network, which currently consists of 55 branches, by adding...

MNB

Forint hardly moves in euro terms

The forint was trading at 311.88 to the euro late Wednesday on the interbank forex market, unchanged on the day...

MNB

ÁKK invites first liquidity bill auction since January

The Government Debt Management Agency (ÁKK) will offer HUF 20 bln short-term "liquidity" T-bills on November 2, inviting the first...

MNB

Forint turns around, heads down on interbank market

The forint was trading at 311.78 to the euro late Tuesday on the interbank forex market, down from final quotes...

MNB

Reuters: MNB could maintain rates until 2018-2019

The National Bank of Hungary (MNB) could keep its base rate unchanged at a record low of 1.35% until 2018...

MNB

Forint firms on interbank market

The forint was trading at 311.40 to the euro late Monday on the interbank forex market, up from final quotes...

MNB

MNB rate cuts may resume if CPI undershoots persist

Hungaryʼs central bank may have to resume policy rate cuts if consumer inflation persistently undershoots its target or if the...

MNB

MNB: Hungary c/a surplus €546 mln in August

Hungaryʼs current-account surplus reached €492.7 bln in August, according to a monthly balance of payment data published by the National...

MNB

Pintér: More than 85% of residency bonds purchased by Chinese nationals

More than 85% of the foreign nationals that obtain Hungarian residency bonds were Chinese, Interior Minister Sandor Pintér said in...

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...