MNB

MNB

Erste Bank Hungary H1 loss narrows

Erste Bank Hungaryʼs net loss in H1 2015 narrowed to €35.1 mln from €142.9 mln in the same period a...

MNB

Forint slightly up on interbank market

The forint was trading at 310.80 to the euro late Friday on the interbank forex market, up from final quotes...

MNB

MNB international reserves fall only €146 mln in July

The National Bank of Hungaryʼs (MNB) international reserves stood at €34.615 bln at the end of July, just €146 mln...

MNB

Hungaryʼs central bank fines MagNet Bank HUF 5.5 mln

The National Bank of Hungary (MNB) fined MagNet Bank HUF 5.5 mln for not complying with regulations on liabilities of...

MNB

Forint back on the slope

The forint was trading at 311.35 to the euro late Thursday on the interbank forex market, down from final quotes...

MNB

Forint corrects some of Tuesdayʼs shock

The forint was trading at 309.62 to the euro late Wednesday on the interbank forex market, up from final quotes...

MNB

Banks disburse HUF 647 bln in loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 646.5 bln in loans by July 31 to small- and medium-sized enterprises (SMEs) in...

MNB

Forint down on interbank market

The forint was trading at 309.26 to the euro late Tuesday on the interbank forex market, down from final quotes...

MNB

Erste Bank establishes mortgage bank in Hungary

Erste Bank Hungary yesterday reportedly announced that it has established its own mortgage bank in the country, Hungarian news agency...

MNB

Report: Lenders to settle compensation with forint, FX borrowers from Aug 1

Hungarian lenders will carry out the settlement of compensation for clients with forint and foreign currency loans due under borrowers...

MNB

UniCredit: Interest rate swap auction will determine yield curve of government bonds

The Hungarian central bankʼs next auction of its discount interest rate swaps (IRS) will be a bellwether for how well...

MNB

Forint eases on interbank market

 The forint was trading at 311.54 to the euro late Friday on the interbank forex market, down from final quotes...

MNB

Nomura: MNB will keep loosening ‘underlying monetary conditions’

Following the National Bank of Hungary’s (MNB) base rate cut of 15 bp down to 1.35% yesterday, analysts at Nomura...

MNB

Forint jumps to nearly two-month high versus the euro as easing cycle ends

The forint was trading at 307.98 to the euro late Tuesday on the interbank forex market, up from 310.02 late...

MNB

Equilor expects easing cycle to end

The further base rate cut by the Monetary Policy Council of the National Bank of Hungary (MNB), which eased an...

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...