MNB

MNB

BUX further down, OTP weighs

The Budapest Stock Exchangeʼs main BUX index finished down 0.21% at 22,185.55 Thursday, after sliding 0.46% Wednesday. It is up...

MNB

Hungarian banks unanimously commit to boosting lending activity

The Hungarian Banking Association has compiled and presented to the National Bank of Hungary (MNB) local banksʼ commitment to boosting...

MNB

MNB fines three financial institutions HUF 7.5 mln

The National Bank of Hungary (MNB) fined MKB Bank HUF 4 mln, Aegon Magyarország Hitel HUF 1 mln and UCB...

MNB

Association: 82% of FX borrowers pay less after settlement

Data from banks show that repayments of 82% of FX borrowers have fallen because of the settlement of compensation due...

MNB

MNB in talks with banking association on conversion of FX personal, car loans

The National Bank of Hungary is in talks with the Hungarian Banking Association on converting foreign currency-denominated personal and car...

MNB

Forint eases on interbank market

The forint was trading at 307.05 to the euro late Wednesday on the interbank forex market, down from 305.85 late...

MNB

Forint recovers on ECB move

The forint was trading at 305.84 to the euro late Tuesday on the interbank forex market, up from 308.93 late...

MNB

HUF 200 bln in municipal investments to be diverted

A total of HUF 200 bln in liquid municipal assets could be turned into government bond holdings in the event...

MNB

K&H Bank books HUF 7 bln profit in Q1

K&H Bankʼs consolidated first-quarter after-tax profit was up nearly 10% at HUF 7 bln as compared to the same period...

MNB

Hungary’s net general government borrowing 1.9% of GDP

According to preliminary financial data, net general government borrowing was HUF 610 bln in the twelve months leading up to...

MNB

MNB: First phase of FGS generates additional investment of HUF 120 bln

The first phase of the National Bank of Hungary’s (MNB) Funding for Growth Scheme (FGS) generated an additional investment of...

MNB

MNB self-financing concept reduces FX share of state debt

The National Bank of Hungary (MNB) said its "self-financing concept" launched a year ago in April has helped reduce the...

MNB

IMF foresees faster economic growth in Hungary

Economic growth could reach 2.7% this year, up from the previous forecast of 2.3%, while export growth is projected at...

MNB

CEO expects MÁVʼs debt to fall to HUF 70 bln

Ilona Dávid, the chairman-CEO of Hungarian state-owned railway company MÁV, expects MÁV’s debt to fall to HUF 70 bln by...

MNB

Forint continues to recover on interbank market

The forint was trading at 302.85 to the euro late Friday on the interbank forex market, up from 303.35 late...

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...