August 19, 2010, 3:10 pmThe National Bank of Hungary (NBH) has on 18 August conducted an auction to purchase domestically issued forint mortgage bonds in the secondary market. Market participants submitted offers for a total...
August 19, 2010, 2:49 pmHungary’s budget is not on the right tract, gross government debt is already 83% of gross domestic product, while households started to save up surprisingly vehemently and abruptly, these are the...
August 18, 2010, 12:55 pmThe consensus forecast for Hungary’s end-2010 benchmark policy rate has risen for the first time (to 5.25%) after dropping for a year. This implies that the central bank’s (NBH) rate cut cycle...
August 2, 2010, 9:22 amFollowing an admonition by the European Central Bank (ECB) to Hungary for the amendment of the Central Bank Act, the European Commission has launched an investigation into the law, Hungarian daily Népszabadság...
July 30, 2010, 4:37 pmAndrás Simor, Governor of Hungary’s central bank (NBH), believes that while the country at the moment is fully financing itself from the markets, a new agreement with the International Monetary Fund...
July 19, 2010, 3:49 pmThe National Bank of Hungary (NBH) will continue to convert European Union funds into forint on the market, central bank Governor András Simor told a press conference on Monday. It is via this demand for...
July 19, 2010, 3:20 pmAt a press conference on today's rate decision (on hold at 5.25%), Governor András Simor was asked about the government's intention to cap the salaries of public sector employees, including the management...
July 19, 2010, 3:10 pmAt its monthly policy meeting on Monday, the Monetary Council of Hungary’s central bank has reviewed the latest economic and financial developments and voted "unanimously" to leave the central bank...
July 19, 2010, 2:00 pmWhile some analysts believed the breakdown of talks between Hungary and an IMF/EU delegation may lead to a rate hike, the central bank’s (NBH) Monetary Council has on Monday decided to keep its base...
July 15, 2010, 3:25 pmMarkets have become rather uncertain as to what next move of the Hungarian central bank (NBH) will be. While analysts polled by Portfolio.hu agree that the Monetary Council will leave the key policy rate...
June 30, 2010, 10:21 amHungary’s external financing capacity (i.e. the combined surplus on its current and capital accounts) amounted to EUR 793 million (HUF 212 billion) in the first quarter of 2010, according to the...
June 29, 2010, 2:08 pm(Corrects lead, as comment was intended to be general, not specifically referring to Swiss franc's recent gains.) Monetary policy of Hungary's central bank (NBH) is guided by the inflationary outlook...
June 21, 2010, 2:00 pmHungary’s central bank (NBH) has left its key policy rate unchanged at 5.25% on Monday. The Monetary Council of the Bank has last reduced the base rate (by 25 basis points) in April, but it has not...
June 9, 2010, 4:00 pmThe National Bank of Hungary (NBH) has conducted a new auction on Wednesday to purchase domestically issued forint mortgage bonds in the secondary market, but it has not received any offer. A month ago...
June 9, 2010, 2:34 pmAs already indicated by the central bank (NBH) Governor András Simor after last Monday’s rate decision, a “convincing majority" voted in May to keep the base rate unchanged at 5.25% after ten...
June 7, 2010, 2:31 pmAt its meeting on Monday, the Monetary Council of the Hungarian central bank (NBH) has reviewed the latest economic and monetary developments. To its usual statement, however, it added comments about the...
June 7, 2010, 2:24 pmHungary’s international reserves rose by EUR 637 million to yet another all-time high of EUR 34.857 billion in May, preliminary data published by the central bank (NBH) showed on Monday. Hungary...
June 2, 2010, 2:02 pmThe decline in Hungary’s inflation will continue, albeit at a smaller rate than previously expected, the central bank (NBH) has said in its latest Report on Inflation on Wednesday. The bank’s...
May 31, 2010, 4:49 pmThe Monetary Council of Hungary’s central bank (NBH) has decided with a “convincing majority" to leave the bank’s base rate unchanged at 5.25% on Monday, NBH Governor András Simor told...
May 31, 2010, 3:22 pmThe National Bank of Hungary (NBH) has raised its baseline inflation projection both for 2010 and 2011, it has cited from its Inflation Report on Monday. The full report will be published on Wednesday....