Tag: central_bank

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Hungary cenbank pours liquidity on local banks no more

January 15, 2018, 5:28 pm
The National Bank of Hungary (MNB) has held an FX swap tender in the 12-month segment on Monday, and has accepted HUF 25 billion worth of bids. Including today’s tender, excess liquidity ensured... 

Hungary's foreign exchange reserves less than adequate - IIF

January 9, 2018, 8:18 am
Emerging markets recorded capital inflows of 235 billion US dollars, and their central banks increased their foreign exchange reserves by USD 130 billion in 2017, a report by the Institute of International... 

Something goes wrong with Hungary's proud and joy

January 4, 2018, 4:10 pm
Hungary’s trade surplus has been decreasing, which was linked mainly to a decrease in the goods balance and to smaller degree in the services balance. The deterioration in the terms of trade due... 

Hungary's public debt reduction plan on track

December 29, 2017, 9:20 am
The National Bank of Hungary (MNB) has revised the end-September debt-to-GDP ratio to 72.4% from 72.7% previously, the latest financial accounts statistics showed on Friday. This makes it even more likely... 

MNB expects faster growth, level inflation in 2018

December 19, 2017, 4:05 pm
The National Bank of Hungary (MNB) improved its GDP forecast in its latest inflation report released today, while inflation is expected to be lower than projected this year. The central bank now sees... 

Christmas pack from Hungary's 'Matolcsy & Co.'? - Don't count on it!

December 15, 2017, 4:47 pm
The Monetary Council of Hungary’s central bank (MNB) is expected to keep interest rates on hold at its last policy meeting of 2017 on Tuesday, according to economists polled by Portfolio. At the... 

Hungary's monetary easing becomes worldwide sensation

December 6, 2017, 10:27 am
The National Bank of Hungary (MNB) is joining the quantitative easing era just as major global counterparts such as the U.S. Federal Reserve look to leave it, Bloomberg reported on Wednesday. It seems... 

Hungary cenbank FX swaps reach record high

December 5, 2017, 5:26 pm
The National Bank of Hungary (MNB) has held FX swap tenders in the 1-month, 3-m and 12-m segments, and accepted HUF 100 bn in bids. As a result of the tenders held on Monday, excess liquidity the central... 

Hungarian authorities relaxed about risks - Should they be concerned?

December 5, 2017, 3:38 pm
Hardly anyone in Hungary believes that the economy is overheating, inflation is about to take off or the forint is vulnerable because rates are too low, economists at Morgan Stanley summed up what they... 

Capital buffer requirement for Hungarian banks will increase as planned

December 5, 2017, 11:17 am
Conforming to the previous decision of the MNB’s Financial Stability Board, the capital requirement for systemically important institutions has become effective from 2017 and will gradually increase... 

Hungarian housing loans most expensive in Europe

November 29, 2017, 4:42 pm
The operating environment of the Hungarian banking sector have been improving, but without the reversal of previously recognised provisions, which should be regarded as temporary, the sector’s return... 

Hungarian banks achieve never-before-seen profit

November 28, 2017, 9:19 am
Credit institutions in Hungary posted combined after-tax profit of 496 billion forints in the first nine months of 2017, the highest sum ever recorded, central bank (MNB) data showed on Tuesday. More than... 

ANALYST VIEW - When is excessively loose policy a problem for Hungary?

November 27, 2017, 12:46 pm
Morgan Stanley has slightly lowered its growth estimate for Hungary for this year and raised it for 2018. It projects a prolonged period of above-trend growth in Hungary, fuelled mostly by consumption... 

Hungary central bank crowds out HUF 100 bn from 3-month depos

November 23, 2017, 11:11 am
The National Bank of Hungary (MNB) has held its second three-month central bank deposit tender of the fourth quarter of 2017. The stock of 3-m deposits dropped to HUF 175 billion. Banks wanted to purchase... 

Hungary cbank to deploy two new unconventional policy tools

November 21, 2017, 3:01 pm
In order to make sure loose monetary conditions have an effect not only at the short but also at the longer end of the yield curve, the National Bank of Hungary (MNB) decided to introduce two unconventional... 

Hungarian cenbank holds policy meeting - What will be its next move?

November 21, 2017, 2:00 pm
The Monetary Council of the Hungarian central bank (MNB) has left the base rate on hold at 0.9% at its monthly policy meeting on Tuesday. As of Wednesday, the overnight deposit rate is -0.15% and the overnight... 

It was enough for Hungary's cenbank to talk to avoid nuclear option

November 20, 2017, 12:34 pm
The Monetary Council of the National Bank of Hungary (MNB) is to hold its monthly policy meeting on Tuesday, and it might deploy new unconventional easing measures. The new easing round opened in September... 

Hungrian past gets spruced up - We haven't seen figures like since the crisis

November 17, 2017, 10:17 am
, general government net lending was equal to -1.9 per cent of Hungary’s GDP in the four quarters to 2017 Q3. Hungary’s general government consolidated gross debt at nominal value was 72.7%... 

ANALYST VIEW - Hungary central bank has “a million ways" to ease

November 10, 2017, 12:48 pm
The upcoming policy meeting (21 Nov) of the Hungarian central bank (NBH) will be the clear highlight of the coming two weeks in Hungary. In view of the bank’s rhetoric, its recently published minutes... 

Hungary cenbank works to lower interest rates on long-term loans

November 8, 2017, 3:16 pm
The minutes of the Hungarian central bank’s October policy meeting contains little that we did not know already. The Monetary Council reiterated that it mulls the deployment of additional monetary... 
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