MNB’s conclusion found that the low level of cyclical systematic risks do not warrant a raising of the buffer rate.
Countercyclical capital buffer rates are intended to improve the stability and resilience of financial intermediary systems across credit cycles, and guarantee the sustainable contribution to economic growth of financial systems, according to MNB’s statement.
MNB revises the capital buffer rate quarterly, after analyzing the state of financial stability, in line with EU and national regulations, the post continued.
Currently, there are no recent changes in the level and dynamics of cyclical systematic risks, according to MNB. The bank concluded that no changes are to be expected during the upcoming review.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
