MNB

MNB

MNB Publishes Chinese-language Issue of Financial and Economic Review

The National Bank of Hungary (MNB) yesterday published a Chinese-language issue of the Financial and Economic Review containing a selection...

MNB

MNB Business Confidence Index Climbs in January

The business confidence index of the National Bank of Hungary (MNB) rose to +2 points in January from -11 points...

MNB

MNB International Reserves Rise EUR 5.138 bln in January

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.542 billion at the end of January, up...

MNB

MNB Cuts Base Rate by 75 bp to 10%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB

MNB Extends EUR 4 bln ECB Repo Line

The maturity of a EUR 4 bln repo line agreement the National Bank of Hungary (MNB) has with the European...

MNB

MNB Among Greenest Central Banks

The National Bank of Hungary (MNB) scored higher than any G20 central bank in a self-assessment of policies supporting sustainable...

MNB

MNB Phases out Variable-rate Longer-term Deposit Facility

The National Bank of Hungary (MNB) on Wednesday announced the discontinuation of its variable-rate deposit facility with terms up to...

MNB

MNB Tops Green Central Banking Ranking

The National Bank of Hungary (MNB) has scored higher than any G20 central bank in a self-assessment of policies supporting...

MNB

MNB Int’l Reserves Rise EUR 500 mln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 41.4 billion at the end of December, up...

MNB

MNB: Electronic Money Circulation Continues Expansion

The expansion of electronic money circulation continued in the third quarter of 2023, according to the latest summary of the...

MNB

MNB: Inflation Expected to Fall to 6% by Year-end

Hungary's inflation rate is set to fall to around 6% by year-end, level with the average for the region, the...

MNB

MNB Cuts Base Rate by 75 bp to 10.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB

MNB Probes Risks Related to AI in Banking, Insurance Sectors

The National Bank of Hungary (MNB) has conducted a topical probe of risks related to the use of artificial intelligence...

MNB

MNB Moves Forward With Phase-in of Capital Buffer Rates

The National Bank of Hungary (MNB) has announced it is moving forward as planned with a phase-in of capital buffers...

MNB

MNB Int’l Reserves Rise EUR 579 mln in November

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.899 billion at the end of November, up...

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...