MNB

MNB

MNB to push for more lending in exchange for tax cut

The National Bank of Hungary (MNB) is planning to push banks to increase lending in the corporate sector, especially to...

MNB

Forint corrects down on interbank market

The forint was trading at 310.54 to the euro late Tuesday on the interbank forex market, down from final quotes...

MNB

MNB: ECB, EC to grant permission to MARK operation

The European Central Bank (ECB) and the European Commission (EC) are expected to approve the operation of the Hungarian Reorganization...

MNB

Forint rises again on interbank market

The forint was trading at 309.81 to the euro late Monday on the interbank forex market, up from final quotes...

MNB

Government spent private pension funds on state debt

After passing laws to pressure private pension holders to merge their savings with the state system, the government spent almost...

MNB

Nomura: MNB change in reserve rules loosens money supply

The National Bank of Hungary (MNB) has taken “another step towards monetary loosening by restricting the amount of reserves banks...

MNB

Forint eases after short rally

The forint was trading at 311.81 to the euro late Wednesday on the interbank forex market, down from final quotes...

MNB

Banks disburse HUF 705.9 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 705.9 bln of loans by October 2 to small and medium-size enterprises (SMEs) in...

MNB

MNB international reserves fall more than €1 bln in September

The National Bank of Hungaryʼs (MNB) international reserves stood at €32.127 bln at the end of September, down €1.409 bln...

MNB

Forint falls versus euro, stable against dollar

The forint was trading at 313.11 to the euro late Tuesday on the interbank forex market, down from final quotes...

MNB

MOL repays maturing ten-year €750 mln bond

Hungarian oil and gas company MOL yesterday said it had paid back in full a ten-year €750 mln bond on...

MNB

Forint firms versus major currencies

The forint was trading at 312.54 to the euro late Thursday on the interbank forex market, up from final quotes...

MNB

MNB: Hungaryʼs Maastricht debt reaches 79.6% at end-Q2

Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 79.6% of GDP at...

MNB

Forint stabilizes versus euro and dollar

The forint was trading at 314.91 to the euro late Monday on the interbank forex market, in narrow range between...

MNB

Forint continues to fall

The forint was trading at 315.34 to the euro late Friday on the interbank forex market, down 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...