MNB

MNB

Hungaryʼs growth loses some steam but ‘underlying macro story’ still positive

Hungaryʼs economic growth seems to be losing some steam but it "does not change the macro story" which has overall...

MNB

Banks disburse HUF 684 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 684.1 bln in loans as of August 28 to small and medium-sized enterprises (SMEs)...

MNB

MNB: Five years may be needed to bring corporate lending back to trend level

It could take "at least five years" to bring corporate lending stock back to levels close to the long-term trend,...

MNB

MNB: Corporate lending shows mixed picture in Q2

Corporate lending stock of financial institutions declined 3.4% in the second quarter of 2015 compared to the same period of...

MNB

Hungarian banks achieve HUF 155 bln pre-tax profit in H1

Hungarian credit institutions had a combined pre-tax profit of HUF 155.0 bln in the first half of 2015 compared to...

MNB

Legislation on FX car, personal loan conversion could take effect from December 1

Legislation on the conversion of FX personal and car loans could come into force from December 1 of this year,...

MNB

Hungary’s State Treasury to open 25 sales points

Hungaryʼs State Treasury is planning on opening an additional 25 sales points, raising the number of retail units in its...

MNB

Report: Vehicle, personal loan FX conversion could cost OTP HUF 6 bln

A subsidy for retail borrowers who opt to convert their foreign exchange personal and car loans into forints could cost...

MNB

MNB sells banks CHF 592 mln to cover FX car, personal loan conversion

The National Bank of Hungary (MNB) said it sold CHF 591.9 mln to lenders in a tender on Monday to...

MNB

Report: Banks to fix exchange rate of FX car loans

Banks are expected to fix the exchange rate of foreign currency car loans today, following the National Bank of Hungaryʼs...

MNB

Banks and government to subsidize FX car loan conversion

Foreign currency-denominated vehicle and personal loans will be converted to loans into forints at the market exchange rate, but the...

MNB

Forint recuperates on interbank market

 The forint was trading at to 308.82 the euro late Monday on the interbank forex market, up from final quotes...

MNB

Net general government borrowing 1.0% of GDP for year ending in June

According to preliminary financial account figures, net general government borrowing was HUF 339 bln in the twelve months leading up...

MNB

ÁKK to pre-finance €900 mln of maturing FX debt

Strong sales of government securities to retail investors will allow the Government Debt Management Agency (ÁKK) to make an early...

MNB

EBRD agreement touchstone for talks on FX car loan conversion

The government and banks used a previous agreement with the EBRD as guidance during talks on the conversion of foreign...

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...