Tag: central_bank

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Monetary tightening could be around the corner in Hungary - c.banker

January 16, 2019, 11:49 am
If Hungary’s core inflation reaches or exceeds 3.0%, the National Bank of Hungary (MNB) will have enough proof that monetary tightening needs to be started, MNB Deputy Governor Márton Nagy told... 

Has price pressure really abated in Hungary?

January 15, 2019, 12:16 pm
Inflation in Hungary decelerated further in December 2018, at least according to the headline figure published by the Central Statistical Office (KSH) on Tuesday. Meanwhile, the central bank’s (MNB)... 

Will Matolcsy remain Governor of Hungary's central bank?

January 11, 2019, 5:21 pm
“No surprise whatsoever should be expected," replied Prime Minister Viktor Orbán to a question about the mandate of central bank (MNB) Governor György Matolcsy expiring in March this year. This was... 

Hungary central bank expects faster growth in 2018, lower inflation in 2019

December 18, 2018, 3:50 pm
GDP growth in 2018 could reach 4.7%, the National Bank of Hungary (MNB) said in its quarterly inflation report on Tuesday. The figure had been adjusted from a 4.4 % forecast made in September following... 

Hungary central bank explains rate decision - coming months key

December 18, 2018, 3:24 pm
Core inflation is likely to continue to rise in the coming quarters, which the Council will assess in terms of the sustainable achievement of the inflation target, the Monetary Council of the National... 

Hungary central bank keeps base rate at 0.9%

December 18, 2018, 2:34 pm
As anticipated, the Monetary Council of the National Bank of Hungary (MNB) kept the benchmark interest rate at 0.9% at its rate-setting session on Tuesday. The interest rate corridor also remained unchanged.... 

All eyes on the central bank in Hungary

December 17, 2018, 5:24 pm
As a result of the deceleration of inflation in November as well as global developments, the National Bank of Hungary (MNB) is not forced to take any step towards monetary tightening just yet therefore... 

May Hungary's Team Matolcsy be threatened with 'forint gun' in 2019?

December 13, 2018, 12:24 pm
The Monetary Council of the National Bank of Hungary (MNB) will have to make a statement again, while an increasing number of analysts doubt that it will be able to maintain the current interest rates... 

Hungary cenbank expects drop in inflation due to fall in fuel prices

November 20, 2018, 3:48 pm
The Monetary Council of the National Bank of Hungary (MNB) has acknowledged in its official post-meeting statement on Tuesday that the measures of underlying inflation rose, but it expects the annual consumer... 

Hungary cenbank leaves monetary conditions on hold

November 20, 2018, 2:00 pm
The Monetary Council of the National Bank of Hungary (MNB) has not changed either the base rate, or the ends of the interest rate corridor at its monthly policy meeting on Tuesday, as expected. The 3-month... 

Inflation is a risk Hungary's cenbank cannot overlook for much longer

November 19, 2018, 3:25 pm
Due to mounting inflationary pressure the National Bank of Hungary (MNB) could soon be forced to make a move, but it is not expected to change monetary policy conditions at its upcoming policy meeting... 

House prices keep rising in Budapest despite expectations

November 16, 2018, 1:48 pm
In the first half of 2018, house prices in Hungary continued to rise, accompanied by strong demand and a dynamic, but healthy expansion in housing loans. At the end of the second quarter, house prices... 

The stakes are extremely high - The fate of Hungary hangs in the balance

November 15, 2018, 4:54 pm
Hungary needs reforms in the area of competitiveness so that it would not be stuck in the middle-income trap, this is how we could sum up the main message of what the central bank’s (MNB) Managing... 

Hungary's new competitiveness package delayed

November 15, 2018, 2:56 pm
There will be no competitiveness package by the end of this year yet, a state secretary at Hungary’s Finance Ministry said on Thursday. Balázs Rákossy said the Competitiveness Council is working... 

Eurostat continues spat with Hungary over cenbank foundations

October 24, 2018, 11:18 am
Hungary’s Central Statistical Office (KSH) has published its second EDP notification in 2018 on Wednesday, which shows that Eurostat, the statistical office of the European Union, continues to express... 

Hungarian cenbank does not have to tighten policy any time soon - analysts

October 24, 2018, 8:50 am
London-based financial analysts agree that there are no macroeconomic or market factors at play that would force the National Bank of Hungary (MNB) to start tighten monetary conditions any time soon. ... 

Hungary c.bank publishes rationale for rate decision

October 16, 2018, 3:00 pm
The Monetary Council of the Hungarian central bank (MNB) said sentiment in international financial markets has deteriorated in the period since the Council’s previous interest rate decision, but... 

Hungary cenbank announces tenfold increase in gold reserves

October 16, 2018, 10:16 am
The Monetary Council of the National Bank of Hungary (MNB) has decided to raise the amount of the bank’s reserves kept in gold by tenfold to 31.5 tonnes. MNB Governor György Matolcsy told a press... 

Hungary central bank to make "extraordinary announcement" on Tuesday

October 15, 2018, 4:09 pm
The National Bank of Hungary (MNB) has called a press conference for 10 A.M. on Tuesday. The invitation says: “Extraordinary Announcement - The Investment Policy of the MNB". At this point, we... 

Cenbank chief also urges Hungarians to buy government bonds

October 9, 2018, 5:05 pm
The reduction of the base rate by 610 basis points between August 2012 and the end of 2017 brought the state budget 1.6 trillion forints in savings, said György Matolcsy, Governor of the National Bank... 
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