Tag: central_bank

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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... 

Consumer prices in Hungary seen up at almost 6-year high

October 8, 2018, 5:27 pm
Hungary’s inflation accelerated to a 69-month high of 3.5% in September, according to analysts polled by Portfolio. The National Bank of Hungary (MNB) does not expect the consumer price index to... 

London-based economists see smaller Hungarian rate hike and later

September 24, 2018, 5:22 pm
Fitch Solutions Macro Research, member of Fitch Group, has modified its forecast and now believes that the National Bank of Hungary (MNB) will start raising interest rates later than previously thought... 

This is how you sell monetary easing as tightening

September 19, 2018, 1:33 pm
By István Madár 1. The National Bank of Hungary (MNB) made decisions of significant importance on Tuesday which set it on the path of monetary tightening. 2. The central bank used a clever trick yesterday... 

INSTANT VIEW - Hungarian c.bank announces gradual policy normalisation

September 19, 2018, 9:18 am
The National Bank of Hungary (NBH) announced the return of the Funding for Growth Scheme (FGS) for small and medium-sized enterprises. The new FGS Fix will be launched in January 2019 and will be aimed... 

Hungarian central bank publishes new growth, inflation estimates

September 18, 2018, 4:00 pm
The National Bank of Hungary (MNB) has left both its GDP and inflation estimates unchanged in its updated Report on Inflation to be published in its entirety on Thursday. The bank’s growth estimate... 

Hungary c.bank to change unconventional toolkit, prepares for normalisation

September 18, 2018, 3:01 pm
Consistent with the practice of leading central banks, the MNB is also prepared for the gradual and cautious normalisation of monetary policy, the National Bank of Hungary said in its post-meeting statement... 

Hungarian central bank holds policy meeting

September 18, 2018, 2:00 pm
The National Bank of Hungary (MNB) has left its base rate, as well as the overnight deposit and lending rates on hold at its monthly policy meeting on Tuesday, as expected. The 3-month MNB deposit rate... 

Hungary's central bank cannot delay this decision for much longer

September 17, 2018, 4:52 pm
It is no question that the National Bank of Hungary (MNB) will keep its so-called benchmark policy rate on hold on Tuesday. The market, however, is split about whether or not the bank will say anything... 

Hungary forint approaching a brick wall

September 14, 2018, 10:35 am
Hungary’s forint was flat against the euro on Friday morning, starting the day at around 324. In the meantime, the euro has settled down a bit after yesterday’s sharp firming that was triggered... 

Hungary forint does not cross "pain threshold" of central bank

September 3, 2018, 3:15 pm
The National Bank of Hungary is not under pressure to tighten policy, though some clearer guidelines about its exit plan at the 18 September rate-setting meeting would help the central bank to strengthen... 

Hungary's cenbank pledges to maintain loose monetary conditions with current tools

August 21, 2018, 3:00 pm
“In the Council’s assessment, maintaining the base rate and the loose monetary conditions is still necessary to achieve the inflation target in a sustainable manner. The current volatile international... 

Central banks have some fire power for this week too

July 30, 2018, 9:17 am
Hungarian markets were keeping a close eye on the National Bank of Hungary (MNB) and the European Central Bank (ECB) last week, but it would be a folly to think that central banks have run out of ammo.... 

Speculators beat up Hungary's forint, and they remain ready to rumble

July 26, 2018, 1:02 pm
While July has brought some serenity into the life of Hungary’s forint, there are still major short HUF positions on the market: about 800 billion forint worth of short HUF positions were taken up... 

INSTANT VIEW - Monetary conditions remain unchanged in Hungary

July 25, 2018, 4:33 pm
In line with the market consensus, the Monetary Council of Hungary’s central bank did not modify interest rates, leaving on hold the base rate (0.9%), and the overnight deposit (-0.15%) and lending... 

Hungary c.bank provides rationale for rate decision

July 24, 2018, 3:03 pm
The Monetary Council of the Hungarian central bank (MNB) said it would ensure the maintenance of loose monetary conditions by using the current set of monetary policy instruments. This matches the last... 

Hungarian central bank keeps rates on hold as expected

July 24, 2018, 2:00 pm
As expected, the Monetary Council of the National Bank of Hungary (MNB) has not changed either its “benchmark" policy rate (0.9%), or the overnight deposit rate (-0.15%) or the O/N lending rate (0.9%)... 
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