MNB

MNB

Central bankʼs deputy governor to head MKB

National Bank of Hungary (MNB) Deputy Governor Ádám Balog is resigning from his position at the central bank and will...

MNB

Forint rebounds on Greece, credit upgrade speculation

 The forint was trading at 311.58 to the euro late Friday on the interbank forex market, up from 315.56 late...

MNB

MNB international reserves fall on swaps related to FX mortgage phase out

The National Bank of Hungaryʼs (MNB) International Reserves stood at €34.760 bln at the end of June, down €2.388 bln...

MNB

Central bankʼs funding scheme said to lift GDP

The National Bank of Hungaryʼs (MNB) Funding for Growth Scheme (FGS) has added more than 1% to Hungaryʼs GDP since...

MNB

Budapest Bank taps FGS financing for almost HUF 100 bln of outlays

State-owned Budapest Bank has used cheap financing from the second phase of the National Bank of Hungaryʼs Funding for Growth...

MNB

Forint eases on ʼPolish contagionʼ

The forint was trading at 317.71 to the euro late Wednesday on the interbank forex market, down from 316.91 late...

MNB

Banks disburse HUF 613 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 613.1 bln of loans by July 3 to small and medium-size enterprises (SMEs) in...

MNB

Quaestor compensation to start soon

Hungaryʼs Investor Protection Fund (Beva) will pay HUF 88 bln in compensation to some 32,000 buyers of unsanctioned bonds issued...

MNB

MNB to introduce new regulation to reduce external vulnerability

The National Bank of Hungary (MNB) will introduce a new foreign currency balance indicator (DEM) and will tighten the rules...

MNB

Forint stabilizes in volatile environment

The forint was trading at 315.48 to the euro late Tuesday on the interbank forex market, up from 315.75 late...

MNB

Parliament approves personal bankruptcy law

The Hungarian Parliament today approved a legislation on introducing personal bankruptcy in Hungary, with 142 voting in favor, one voting...

MNB

Hungary Maastricht debt reaches 77.6% of GDP at end-Q1

Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 77.6% of GDP at...

MNB

Forint down on Greek worries

 The forint was trading at 315.39 to the euro late Monday on the interbank forex market, down from 312.20 late...

MNB

MNBʼs reserve assets stood at €36.9 bln at the end of Q1

The National Bank of Hungaryʼs (MNB) reserve assets amounted to €36.9 bln at the end of March, data published by...

MNB

MNB rejects accusation of covert monetary financing

The National Bank of Hungary (MNB) is not involved in covert monetary financing through its subsidiaries, the MNB told state...

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...