MNB

MNB

Varga: Hungary saves HUF 1 trillion on lower FX debt ratio, FX loan conversion

The various government measures to reduce FX debt saved Hungary from about HUF 1 trillion in additional expenditure, economy minister...

MNB

OTP Romania offers relief for CHF debtors

OTP Bank Romania, the largest Romanian subsidiary of Hungarian OTP, is planning to lower the interest rates for its Swiss...

MNB

Varga: Hungary has no CHF debt left

Following the Swiss central bank’s decision yesterday to abandon the fixed conversion currency rate policy, it is even more apparent...

MNB

Forint down on Swiss exchange rate cap removal

The forint was trading at 321.20 to the euro late Thursday on the interbank forex market, down from 319.65 late...

MNB

Forint plunges against Swiss franc

The forint weakened sharply against the Swiss franc in the morning on Thursday, after the Swiss National Bank (SNB) said...

MNB

Expiring long-term debt cuts Hungary’s short-term external debt in Q3

The expiration of long-term debts was the main factor behind a large drop of Hungary's gross short-term external debt in...

MNB

Morgan Stanley recommends buying long-term Hungarian USD bonds

Morgan Stanley analysts believe that the 25-year long Hungarian U.S dollar bond has upside potential at moderate risk, as Hungary...

MNB

Forint down on Czech inflation, ruble

The forint was trading at 317.05 to the euro late Friday on the interbank forex market, down from 316.06 late...

MNB

MNB international reserves rise €443 mln in December

International reserves of the National Bank of Hungary stood at €34.578 bln at the end of December, up €443 mln...

MNB

MNB clears retail loan indicators submitted under ‘fair banks’ law

The National Bank of Hungary (MNB) yesterday said it had reviewed indicators for changes to interest rates and margins, as...

MNB

Forint wobbles then mostly stable on interbank market, still down in dollar

The forint was trading at 318.39 to the euro late Wednesday on the interbank forex market, up from 319.66 late...

MNB

Forint down on interbank market

The forint was trading at 318.25 to the euro late Monday on the interbank forex market, down from 318.01 late...

MNB

Central bank takes over for MKB board

Experts chosen by the National Bank of Hungary (MNB) took over the tasks of the board of MKB Bank and...

MNB

Forint dives again on interbank market

The forint was trading at 316.36 to the euro late Thursday on the interbank forex market, down from 314.55 late...

MNB

Gov’t to set up compensation fund for clients of Széchenyi Bank

The government is establishing a compensation fund for the depositors of the failed Széchenyi Commercial Bank, Prime Minister Viktor Orbán...

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...