MNB

MNB

MNB launches probe of higher repayments for exchange rate cap scheme participants

The National Bank of Hungary (MNB) yesterday said it launched an investigation after receiving information that some lenders had, in...

MNB

Forint recovers on interbank market

The forint was trading at 304.09 to the euro late Thursday on the interbank forex market, up from 305.78 late...

MNB

Banks disburse HUF 538 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 537.6 bln of loans by April 30 to small and medium-size enterprises (SMEs) in...

MNB

Templeton reduces Hungarian bonds in its portfolio

Emerging Market specialist Franklin Templeton Investments has reduced its Hungarian debt exposure by HUF 432 bln, napi.hu reported yesterday....

MNB

MNB publishes changes to FGS, FGS+ programs

The National Bank of Hungary (MNB) published details of changes made to its Funding for Growth Scheme (FGS) and the...

MNB

MNB extends FGS credit to construction of homes for sale

The National Bank of Hungary (MNB) changed its Funding for Growth Scheme (FGS) to give companies access to cheap credit...

MNB

ÁKK CEO: FX debt share to shrink to around 20% in 5 years

The share of FX-denominated debt could shrink by 2-3% a year, and could reach approximately 20% in five years, György...

MNB

BUX slows down

The Budapest Stock Exchangeʼs main BUX index finished up 0.24% at 21,955.29 Wednesday after rising 1.20% Tuesday. It is up...

MNB

MNB to allow guarantee fees on top of FGS, FGS+ APR cap

The National Bank of Hungary today said it will allow lenders who use cheap financing from the Funding for Growth...

MNB

MNB revokes Hungária broker license

The National Bank of Hungary (MNB) said yesterday that it had revoked the operating license of broker Hungária and initiated...

MNB

MNB executive director foresees changes in the sector

Inspired by Irish and Croatian models, the National Bank of Hungary (MNB) is currently working on proposals for the operation...

MNB

Interview: Bad bank for a good cause

In an exclusive interview originally published in the April 10-23 print edition of the BBJ, Csaba Kandrács, CEO of the...

MNB

Hungary’s OTP Bank sees SME program outlays reaching HUF 10-15 bln

Hungary’s OTP Bank plans HUF 10-15 billion (approximately €33.7-50 million) of SME outlays this year in the framework of its...

MNB

MNB aims to reduce maturity mismatch of forint loans and forint liabilities

The National Bank of Hungary (MNB) wants to reduce the maturity mismatch between the bank sectorʼs forint loans and forint...

MNB

Banks disburse HUF 513 bln in loans through Funding for Growth Scheme

Net of repayments, banks disbursed HUF 512.5 bln in loans as of April 3 to small- and medium-size enterprises (SMEs)...

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...