MNB

MNB

Forint stabilises on interbank market

The forint was trading at 312.25 to the euro late Monday on the interbank forex market, slightly up from 312.34...

MNB

Forint back on the slope on interbank market

The forint was trading at 312.67 to the euro late Friday on the interbank forex market, down from 311.03 late...

MNB

Forint firming on interbank market

The forint was trading at 311.38 to the euro late Thursday on the interbank forex market, up from 312.36 late...

MNB

Report: Non-financial investorsʼ stake in Hungary’s state debt third highest in EU

The percentage of Hungaryʼs state debt in the hands of non-financial investors is the third-highest in the European Union, Hungarian...

MNB

MNB: Rules mitigating mortgage financing mismatch take effect October 2016

The National Bank of Hungary (MNB) announced yesterday that it will require lenders to back at least 15% of their...

MNB

MNB could give lenders €1.1 bln for FX car, personal loans

The National Bank of Hungary (MNB) is prepared to provide lenders with some €1.1 bln in foreign currency necessary for...

MNB

Garantiqa expects 18% volume increase

Hungarian guarantor Garantiqa, which controls three-fourths of Hungaryʼs surety market, expects its guarantee volume to rise by 18% to HUF...

MNB

MNB: Corporate lending conditions ease in Q1

In Q about 30% more lenders, weighed by market share, eased non-price lending conditions for companies, than those which tightened...

MNB

Banks disburse HUF 571 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 571.1 bln in loans as of May 29 to small and medium-size enterprises (SMEs)...

MNB

MNB to introduce three-month deposit as main policy instrument

The National Bank of Hungaryʼs (MNB) Monetary Council decided on Tuesday to replace the central bankʼs two-week deposits with three-month,...

MNB

Daily share turnover drops in May

Daily share turnover on the Budapest Stock Exchange fell to HUF 9.2 bln in May, down 31.8% as compared to...

MNB

MNB: Financial risk reduced, but regulatory intervention still needed

Risk in the financial sector has been reduced, but the high ratio of NPLs and FX personal and vehicle loans...

MNB

Analysts: Hungary’s base rate may drop below 1.5%

London-based emerging markets economists expect the National Bank of Hungary (MNB) to keep cutting the base rate, which is likely...

MNB

MNB puts 2016 deficit over target in budget bill assessment

Hungaryʼs general government deficit, according to European Union accounting rules, could reach 2.2% of GDP next year, over the 2.0%...

MNB

MNB lifts restrictions on closing FX swap contracts early

The National Bank of Hungary (MNB) said today it will allow lenders to close, before maturity, all unconditional FX swap...

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...