MNB

MNB

EBRD, Hungary expected to buy into Erste

The European Bank for Reconstruction and Development (EBRD) and the Hungarian state will be buying into Erste Bank Hungary, with...

MNB

MNB to create new regulations for mortgage financing

The National Bank of Hungary (MNB) is in the process of drafting new regulations that would oblige banks to finance...

MNB

MNB international reserves rise $3.652 bln in January

International reserves of the National Bank of Hungary (MNB) stood at $38.23 bln at the end of January, up $3.652...

MNB

Forint shrugs off Greece impact

The forint was trading at 306.88 to the euro late Thursday on the interbank forex market, up from 308.97 late...

MNB

Forint marches on in euro, eases versus the dollar

The forint was trading at 307.48 to the euro late Wednesday on the interbank forex market, up from 308.87 late...

MNB

Forint stronger on Greek deal hopes

The forint was trading at 308.79 to the euro late Tuesday on the interbank forex market, up from 310.72 late...

MNB

ÁKK chief: Hungary to reduce and diversify FX debt further

Hungary has improved its financial position in terms of risks in the past few years as the share of FX-denominated...

MNB

Companies were net borrowers in 2014, for first time in six years

Hungarian companies were net borrowers in 2014, for the first year since 2008, fresh data published by the National Bank...

MNB

Forint mixed on interbank market

The forint was trading at 311.22 to the euro late Monday on the interbank forex market, down from 310.90 late...

MNB

Franklin Templeton holdings of Hungarian debt drop

American asset manager Franklin Templeton's holdings of Hungarian government securities dropped by 2.2% in Q4 last year, as compared to...

MNB

Forint mixed on interbank market

The forint was trading at 311.08 to the euro late Monday on the interbank forex market, down from 309.70 late...

MNB

BUX up after early profit taking

The Budapest Stock Exchange's main BUX index finished up 0.79% at 16,890.95 Monday after losing 0.11% Friday. It is up...

MNB

Forint soars further against euro

The forint was trading at 310.15 to the euro late Friday on the interbank forex market, up from 312.43 late...

MNB

Hungary’s central budget debt rises 8.6% in year to December

Gross debt of Hungary's central budget rose HUF 1,8 trillion, or 8.6%, to HUF 23.8 trillion in the twelve months...

MNB

OTP Bank raises capital at Romanian unit

OTP Bank yesterday said it raised capital at its Romanian unit to RON 958 mln from RON 783 mln. According...

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...