MNB

After reducing the base rate by 425 basis points at ten consecutive policy meetings, the National Bank of Hungary (NBH) has left its benchmark rate unchanged at 5.25% on Monday. The decision causes little... 

Based on the processes in the real economy, Hungary’s benchmark interest rate should be 4.50%, said Economy Minister-designate György Matolcsy on Tuesday. The Fidesz government, which is to be officially... 

Hungary’s Monetary Council voted five to two in April to reduce the base rate by 25 basis points to 5.25%. The two members in minority voted for a 50-bp cut, the minutes of that meeting showed on... 

The EUR 750 billion bailout package adopted by euro area leaders last week dissipated contagion risks from Greece and so Hungary’s central bank (NBH) still has room to reduce its key policy rate... 

Hungary’s Economy Minister-designate György Matolcsy said members of the central bank’s (NBH) Monetary Council should resign for the mistakes they have made over the past seven years. In an... 

Hungary must base future growth mainly on bank lending from domestic savings rather than external funding to reduce its vulnerability and to become competitive, central bank (NBH) Deputy Governor Júlia... 

The National Bank of Hungary (NBH) has conducted a new auction on Wednesday to purchase domestically issued forint mortgage bonds in the secondary market. Market participants submitted offers for a total... 

Zoltán Pokorni, Deputy Chairman of Hungary’s centre-right Fidesz party, said he has great respect for the President of the Republic, but does not believe László Sólyom will be re-elected when his... 

There were two proposals discussed at the Monetary Council’s rate meeting on Monday, one to lower the benchmark rate by 25 bps and one to cut it by 50 bps. The former proposal was supported by... 

The Monetary Council of Hungary’s central bank (NBH) has on Monday reviewed the latest economic and financial developments and voted to reduce the base rate by 25 basis points to 5.25% from 5.50%.... 

(Adds comment by Nomura on page2) Hungary’s central bank (NBH) has maintained the pace of its rate cuts, irrespective of general elections in Hungary or the financial woes of Greece. The Monetary... 

The National Bank of Hungary (NBH) has conducted yet another auction to purchase domestically issued forint mortgage bonds in the secondary market on 21 April. Market participants submitted offers for... 

If Hungary’s central bank (NBH) continues its rate cut cycle the stable, decade-long spread between Hungarian and Czech and Polish interest rates could change radically. And this is the scenario... 

Hungary's central bank (NBH) has room for further cautious interest rate cuts as the economic outlook, improved market sentiment and a strong forint justify further monetary easing, Deputy Governor Ferenc... 

The “tight vote" at the Monetary Council’s March policy meeting, as central bank (NBH) Governor András Simor described it was a four to three vote in favour of a 25-basis-point rate cut, the... 

Although government measures have improved the net financing capacity of Hungary’s private sector and the country’s vulnerability has decreased, funding risks remain therefore it is essential... 

The National Bank of Hungary (NBH) has on Wednesday conducted its second auction to purchase domestically issued forint mortgage bonds in the secondary market. Market participants submitted offers for... 

Hungary’s international reserves rose by EUR 992 million to yet another all-time high of EUR 33.852 billion in March, the central bank (NBH) has reported on Wednesday. International reserves increased... 

For the first time under the mortgage bond purchase programme announced by the Monetary Council on 8 February 2010, the National Bank of Hungary (NBH) purchased an amount of series FJ15NF01 mortgage bonds... 

(Adds details, table) Hungary’s external financing capacity (i.e. the combined surplus on its current and capital accounts) amounted to EUR 655 million (HUF 178 billion) in the fourth quarter of...