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• Economy

  MNB sees CPI dropping to target from mid-2019

  

  Inflation will remain slightly over 3% in the short term, but underlying developments will ensure the achievement of the inflation target in a sustainable structure from mid-2019, the National Bank of Hungary (MNB) said in a quarterly report released Thursday, summarized by Hungarian news agency MTI.

   Thu, Sept. 20, 2018, 12:01

  • CPI
  • consumer price index
  • inflation
  • MNB
  • forecast
• Economy

  MNB keeps base rate on hold, reviews policy instruments

  

  The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank’s key rate on hold at 0.90% at a monthly policy meeting on Tuesday, Hungarian news agency MTI reported. At the same time, it revealed moves to simplify and fine-tune its set of policy instruments.

   Wed, Sept. 19, 2018, 09:00

  • MNB
  • central bank
  • base rate
  • monetary policy
  • MIRS
  • depo
• Finance

  Revenue from payment services up 5% in Q2

  

  Hungarian financial institutions’ revenues from providing payment services amounted to HUF 253 billion in the second quarter of 2018, up 5% from Q2 2017, the National Bank of Hungary (MNB) said in a quarterly report, according to state news agency MTI.

   Tue, Sept. 18, 2018, 10:30

  • Revenue
  • payment services
  • report
  • MNB
• Economy

  Int’l reserves up EUR 320 mln in August

  

  International reserves of the National Bank of Hungary (MNB) stood at EUR 24.264 billion at the end of August, up EUR 320 million from the end of the previous month, preliminary data released on Friday show, as reported by Hungarian news agency MTI. 

   Mon, Sept. 10, 2018, 13:04

  • MNB
  • reserves
  • international
  • central bank
• Finance

  Banksʼ H1 profits down 17% on smaller provisions release

  

  After-tax profits of Hungaryʼs banking sector dropped 17% year-on-year to HUF 300 billion in the first half of 2018 as lenders freed up fewer provisions, according to data released by the National Bank of Hungary (MNB) on Friday.   

   Mon, Sept. 10, 2018, 10:15

  • banking
  • profits
  • provisions
  • deposits
  • loans
  • npl
  • mnb
• Finance

  MNB prepares to withdraw old HUF 1,000 bills

  

  The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced by a new banknote design with enhanced security features, will be withdrawn from circulation on November 1, 2018. 

   Thu, Sept. 6, 2018, 08:00

  • MNB
  • forint
  • bill
  • banknote
  • withdrawal
  • security
• Economy

  Home loan outlays high, but below June peak

  

  Hungarian banks signed contracts for HUF 82.9 billion of new home loans in July, 43.6% more than in the same month a year earlier but 2.8% less than in June, data released by the National Bank of Hungary (MNB) shows.

   Wed, Sept. 5, 2018, 08:30

  • home loan
  • bank
  • mnb
  • consumer-friendly
  • interest
• Finance

  London economists: MNB not under pressure to tighten

  

  The National Bank of Hungary (MNB) is not under pressure to tighten monetary policy, though some policy guidelines at this month’s meeting of the MNB’s Monetary Council would help strengthen its credibility, London-based emerging markets economists said on Monday.

   Tue, Sept. 4, 2018, 12:32

  • MNB
  • monetary council
  • policy
  • economy
  • finance
  • BofA Merrill Lynch
• Finance

  SME lending expands 15.7% in Q2

  

  Credit institutionsʼ lending to small- and medium-sized enterprises expanded by 15.7% from a year earlier in Q2 2018, after increasing by 13.7% in the first quarter, data from a National Bank of Hungary (MNB) report shows.

   Thu, Aug. 30, 2018, 14:13

  • sme
  • credit
  • mnb
• Finance

  Konzum Group acquires MKB employee shares

  

  Listed holding company Konzum said on Monday that it would indirectly acquire a 9.62% stake in MKB Bank from the latterʼs employee stock ownership program (ESOP), pending regulatory approval by the National Bank of Hungary (MNB).   

   Mon, Aug. 27, 2018, 13:26

  • konzum
  • mkb
  • acquisition
  • ownership
  • mnb
  • esop