MNB

MNB

Forint in steep fall versus euro

 The forint was trading at 315.41 to the euro late Thursday on the interbank forex market, sharply down from final...

MNB

MNB projects accelerating core inflation

The National Bank of Hungary reduced its projections for core inflation, which excludes volatile fuel and food prices, in a...

MNB

Forint steady versus euro, improves against other major currencies

The forint was trading at 311.51 to the euro late Wednesday on the interbank forex market, a tad down from...

MNB

MNB: Unused funds from FGS+ to be reallocated to FGS scheme

All unused funds from the Funding for Growth Scheme+ (FGS+) program to finance small and medium-size enterprises (SMEs) will be...

MNB

Forint loses out to all major currencies

The forint was trading at 311.57 to the euro late Tuesday on the interbank forex market, down from final quotes...

MNB

Parliament passes law on FX car, personal loan conversion

The Hungarian government announced plans to draft legislation on the conversion of the FX loans earlier this summer, after FX...

MNB

Government submits FX car, personal loan conversion bill

Hungaryʼs government submitted a bill to Parliament on Friday stipulating conditions for the conversion of foreign currency-denominated vehicle and personal...

MNB

Survey: Small companies mostly rely on self-financing for investments

In the past five years, 85% of small Hungarian companies used their own funds for investments and 39% of them...

MNB

MNB hosts bankersʼ breakfast

The management of the National Bank of Hungary held regular talks over breakfast with the heads of the countryʼs biggest...

MNB

MNB: Govʼt debt up in H1 on seasonal and one-off effects

The government debt-to-GDP ratio rose to 79.6% in the first half of 2015 from 76.9% at the end of last...

MNB

Eximbank signs agreements to expand export capacities of SMEs

Hungaryʼs state-owned Eximbank yesterday signed agreements with 15 commercial banks to help expand export capacities of SMEs and large companies...

MNB

FT: Hungary not likely to be hit hard by Fed rate hike

In light of its strong account surplus, substantial support from the European Union and use of a currency that trades...

MNB

MNB international reserves fall more than €1 bln in August

The National Bank of Hungaryʼs international reserves stood at €33.536 bln at the end of August, down €1.079 bln from...

MNB

Csányi: Corporate lending stock of banks could reach low point in 2016

Despite economic growth corporate lending stock of banks could still fall and reach a low point by 2016, but then...

MNB

Report: Hungary FX debt ratio set to fall under one-third

The proportion of Hungaryʼs state debt in foreign currency is set to fall from 33% to 32% by year-end and...

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...