MNB

MNB

Financial sector companies book HUF 71 bln loss in 2014

Hungarian financial sector companies saw a combined after-tax loss of HUF 70.8 bln last year, up from the previous year’s...

MNB

Forint firm on interbank market

The forint was trading at 304.59 to the euro late Wednesday on the interbank forex market, up from 305.34 late...

MNB

Settlement, conversion affects more than 400,000 Erste loans

The settlement of compensation due under borrowers relief legislation and the conversion of retail FX lending stock into forints affects...

MNB

ÁKK chief: Higher mark-to-market deposits prevented drop in state debt ratio

A steep rise in mark-to-market deposits in Q4 last year prevented Hungary's state debt ratio from falling, CEO of the...

MNB

Forint firms on interbank market in the wake of Fed chair testimony

The forint was trading at 305.52 to the euro late Tuesday on the interbank forex market, up from 305.66 late...

MNB

Moody’s: Structural factors limit Hungary’s economic growth, external vulnerability decreases

Hungary’s economic growth in 2014 was stronger than anticipated, due to stronger public sector investment and improved absorption of EU...

MNB

Forint firm vs euro and franc, down vs dollar on interbank market

The forint was trading at 305.71 to the euro late Monday on the interbank forex market, a hair down from...

MNB

NPL ratio reaches 19.3% of retail portfolio

The ratio of non-performing loans (NPL) among gross retail loans was 19.3% at the end of last year, down slightly...

MNB

EC proposes termination of loan program follow-up visits

The European Commission (EC) proposed yesterday to wind up follow-up visits in connection with the loan program between the European...

MNB

MNB, banking association discuss maturity mismatch in joint working group

The National Bank of Hungary (MNB) and the Hungarian Banking Association have set up a working group to discuss ways...

MNB

Forint retreats further on interbank market

The forint was trading at 306.64 to the euro late Wednesday on the interbank forex market, up from 307.83 late...

MNB

BUX up again on Greece, Putin

The Budapest Stock Exchange's main BUX index finished up 0.94% at 18,082.27 Wednesday, about a point short of a more...

MNB

MNB launches Funding for Growth Scheme spin-off

The National Bank of Hungary (MNB) today announced a spin-off of its Funding for Growth Scheme (FGS), with HUF 500...

MNB

Forint retreats further on interbank market

The forint was trading at 307.88 to the euro late Tuesday on the interbank forex market, down from 307.04 late...

MNB

Central bank management, Hungarian bank heads meet

The management of the National Bank of Hungary (MNB) and the heads of Hungary’s biggest banks met today to hold...

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...