MNB

MNB

MNB launches Funding for Growth Scheme spin-off

The National Bank of Hungary yesterday officially launched the spin-off of its Funding for Growth Scheme (FGS) that targets companies...

MNB

BUX underperforms

The Budapest Stock Exchangeʼs main BUX index finished up 0.05% at 18,674.97 Monday after falling 0.63% Friday. It is up...

MNB

MNB reveals Quaestor bond-related problems when examining groupʼs brokerage

The National Bank of Hungary (MNB) found problems at Quaestor Értékpapír, the brokerage of the now-bankrupt Quaestor group, during an...

MNB

Forint surges on interbank market

The forint was trading at 303.58 to the euro late Wednesday on the interbank forex market, up from 307.36 late...

MNB

Forint down on interbank market

The forint was trading at 307.64 to the euro late Tuesday on the interbank forex market, down from 305.56 late...

MNB

Forint wobbles on interbank market after firming

The forint was trading at 305.66 to the euro late Friday on the interbank forex market, slightly up from 305.77...

MNB

KSH: State debt dropped last year

Hungarian state debt as a percentage of GDP fell to 76.9% at the end of 2014, down slightly from the...

MNB

Forint firms on interbank market

The forint was trading at 305.16 to the euro late Thursday on the interbank forex market, up from 306.41 late...

MNB

Report: Loans granted in the second phase of the Funding for Growth Scheme

Until February 27, credit institutions participating in the first and second phases of the Funding for Growth Scheme (FGS) concluded...

MNB

Report: Residency bond subscriptions reach 68 in February

Sales of Hungarian residency bonds reached 68 in February, with 33 bonds having a face value of €300,000 and 35...

MNB

BSE share turnover climbs past HUF 188 bln in February

Share turnover on the spot market of the Budapest Stock Exchange reached HUF 188.4 bln in February, up a sharp...

MNB

Forint down on interbank market

The forint was trading at 304.69 to the euro late Monday on the interbank forex market, down from 303.03 late...

MNB

MNB: 2014 rise in corporate lending stock due to SME funding scheme

The stock of corporate loans stock rose 2.4% in 2014 in the first increase since the crisis, but the rise...

MNB

Banks’ accounting of FX conversion lifts retail lending stock in MNB stats

Hungarian banks' retail lending stock jumped by HUF 378.1 bln to HUF 7.104 trillion in January from the previous month...

MNB

Forint hits 9-month high vs euro

The forint was trading at 302.73 to the euro late Thursday on the interbank forex market, up from 304.71 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...