Tag: central_bank

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ECB warns Hungary's central bank again

April 1, 2019, 3:58 pm
In its annual report published on Monday, the European Central Bank (ECB) has expressed its concerns over the involvement on the Hungarian central bank (MNB) in the Budapest Stock Exchange (BSE), as well... 

Risks are symmetrical, any outcome is possible - central banker

March 28, 2019, 3:40 pm
The National Bank of Hungary (MNB) has two risk scenarios besides its baseline scenario. In one of these, the inflation trajectory is higher due to faster domestic wage increase and greater consumption.... 

Patai endorsed as c.bank Deputy Governor by parliamentary committee

March 27, 2019, 5:02 pm
The Hungarian Parliament’s Economic Committee approved, with 10 votes in favour, 1 vote against and 1 abstention, the nomination of Mihály Patai as the successor of outgoing central bank (MNB) Deputy... 

Hungary's central bank takes odd decision - What does it want?

March 27, 2019, 3:36 pm
In line with expectations, the Monetary Council of Hungary’s central bank (MNB) has taken a step towards tightening monetary conditions on Tuesday by raising the overnight deposit rate by 10 basis... 

INSTANT VIEW - Hungarian cenbank tightens, yet retains loose stance

March 27, 2019, 10:56 am
The National Bank of Hungary raised its overnight deposit rate to -0.05% from -0.15% at its monthly policy meeting on Tuesday. Governor György Matolcsy stressed this is a one-off measure and monetary policy... 

Unexpected twist in official statement by Hungary's central bank

March 26, 2019, 3:06 pm
The Monetary Council of Hungary’s central bank (MNB) has not only decided to raise the overnight deposit rate by 10 basis points to -0.05%, it has also reduced the average amount of liquidity to... 

Hungary cenbank carries out first rate hike in more than 7 years

March 26, 2019, 2:00 pm
The Monetary Council of the National Bank of Hungary (MNB) has on Tuesday raised the overnight deposit rate by 10 basis points, taking the lower end of the interest rate corridor higher for the first time... 

Hungary c.bank chief Matolcsy told hold press conference today

March 26, 2019, 10:57 am
National Bank of Hungary (MNB) Governor György Matolcsy is going to hold a press conference at 3 P.M. on Tuesday, one hour after the Monetary Council’s monthly policy meeting. Deputy Governors Márton... 

Time to step off the beaten path - 'Team Matolcsy' cannot delay it any longer

March 22, 2019, 6:31 pm
The National Bank of Hungary (MNB) may announce its first tightening measure(s) since December 2011 at its upcoming policy meeting on 26 March. Most of the analysts polled by Portfolio believe that this... 

Mihály Patai expected to be central bank Deputy Governor

March 13, 2019, 8:04 am
Economist Mihály Patai, head of the Hungarian operation of UniCredit and the Hungarian Banking Association is expected to join the central bank (MNB) as Deputy Governor in April, Klubradio reported late... 

Hungary's inflation breaks decade-long records, critical level reached

March 8, 2019, 1:29 pm
Hungary’s core inflation adjusted for the effects of indirect taxes, a key metric for the National Bank of Hungary (MNB) grew to a ten-year high of 3.2% in February from 3.0% in January. The other... 

Crucial data bound to trigger policy U-turn to be released in Hungary

March 7, 2019, 12:01 pm
Several analysts polled by Portfolio expect Hungary’s core inflation excluding indirect taxes, a key metric for the National Bank of Hungary (MNB) to show further rise in February. Due to a mounting... 

Gyula Pleschinger remains on Monetary Council

March 4, 2019, 1:39 pm
The Hungarian Parliament’s Economic Committee has supported the reappointment of Gyula Pleschinger as member of the central bank’s (MNB) Monetary Council for another six-year term on Monday.... 

Matolcsy secures parliamentary backing for 2nd term at helm of c.bank

February 26, 2019, 3:31 pm
György Matolcsy has won support by Parliament’s Economic Committee on Tuesday for his second six-year term at the helm of Hungary’s central bank (MNB). At least one more face will be familiar... 

Hungary c.bank pledges to keep watching inflation like a hawk

February 26, 2019, 3:12 pm
After leaving monetary conditions on hold on Tuesday, the Monetary Council of the National Bank of Hungary (MNB) has reiterated almost verbatim its official statement released after the 29 January policy... 

Final countdown begins: Hungary c.bank to do an about-face

February 25, 2019, 12:48 pm
After it turned out two weeks ago that tax-adjusted core inflation, a key metric of the National Bank of Hungary (MNB), reached the critical level at 3.0%, the final countdown to the launch of monetary... 

Hungary delivers greater victory than hoped for

February 18, 2019, 10:24 am
Hungary’s gross general government debt declined more than expected and was 70.9% of gross domestic product at the end of 2018, preliminary financial accounts data published by the central bank (MNB)... 

György Matolcsy to remain governor of Hungary's central bank

February 12, 2019, 12:33 pm
Hungary’s Prime Minister Viktor Orbán plans to propose to President János Áder the nomination of György Matolcsy as Governor of the National Bank of Hungary (MNB), following the parliamentary hearing... 

Hungary inflation reaches critical level, c.bank needs to act shortly

February 12, 2019, 11:47 am
Whereas Hungary’s headline inflation remained flat at 2.7% year on year in January 2019, the central bank’s (MNB) measures of underlying inflation developments suggest that demand-side inflation... 

Critical data to be released in Hungary, c.bank is on pins and needles

February 8, 2019, 4:08 pm
The first inflation reading of the year is to be released next week. It could be crucial from the point of view that it might give us a more accurate picture of the actual strength of the mounting price... 
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