MNB

MNB

MNB to create Chinese bond portfolio

The National Bank of Hungary said yesterday that it intends to build a small Chinese bond portfolio "for economic policy...

MNB

IMF welcomes recovery, but sees growth prospects subdued in Hungary

The Hungarian economy is recovering steadily helped by supportive macroeconomic policies and improved market sentiment, the International Monetary Fund (IMF)...

MNB

Forint gains on interbank market

The forint was trading at 298.83 to the euro late Wednesday on the interbank forex market, up from 200.43 late...

MNB

MNB: Hungary’s Maastricht debt falls to 76.9% at end-2014

Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 76.9% of GDP at...

MNB

Lenders allowed to close some FX swap contracts with MNB before maturity

The National Bank of Hungary on Monday said it will allow lenders to close, before maturity, a certain part of...

MNB

Forint fairly stable on interbank market

The forint was trading at 300.50 to the euro late Friday on the interbank forex market, down from 299.79 late...

MNB

OTP Bank Russia sells RUB 17 bln in bad loans

The Russian unit of Hungaryʼs OTP Bank has sold approximately RUB 17 bln of its bad loans to factors in...

MNB

Pénzügykutató projects 2.4% GDP growth for 2015

Pénzügykutató expects Hungaryʼs GDP growth rate to fall to 2.4% this year as investments slow, the economic research company said...

MNB

RBI books €398 mln loss in Hungary as borrowers relief weighs

Austriaʼs Raiffeisen Bank International (RBI) booked a €398 mln loss at its Hungarian business last year, taking a hit on...

MNB

Rogán: Beva should compensate investors for corporate bonds

Hungaryʼs Investor Protection Fund (Beva) should also offer compensation to investors for corporate bonds, Fidesz caucus leader Antal Rogán said...

MNB

Licensing intra-group financing activity

This article was written by Csaba Ember, Senior Associate at Gide Loyrette Nouel-dʼOrnano Iroda....

MNB

GKI projects slowing growth, gradual upgrades in 2015

Hungarian economic research institute GKI left its economic growth forecast for the country unchanged at 2% in 2015, a slowdown...

MNB

Forint eases on interbank market

The forint was trading at 304.81 to the euro late Friday on the interbank forex market, down from 303.50 late...

MNB

TakarékBank sees 3.2% GDP growth this year

TakarékBank, the central bank of saving cooperatives in Hungary has seen 3.2% GDP growth in Hungary this year, partly due...

MNB

Forint eases on interbank market

The forint was trading at 304.16 to the euro late Wednesday on the interbank forex market, a hair down from...

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...