Tag: mnb

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Three things may force Hungarian cenbank to turn around

May 16, 2019, 11:12 am
It would take inflation north of 4.0%, the forint to depreciate over 330 versus the euro and a steepening yield curve as more inflation premium gets built in for the National Bank of Hungary (NBH) to surrender... 

Risk of overvalued house prices rises sharply in Budapest

May 13, 2019, 11:05 am
The Hungarian housing market continued to expand, accompanied by strong demand in 2018. House prices rose by 15.2% year on year, faster than in 2017. The house price increase picked up to 22.9% in Budapest... 

Is this the U-turn, or consumer prices will keep on rising in Hungary?

May 9, 2019, 12:13 pm
Hungary’s core inflation adjusted the effects of indirect taxes decelerated to 3.4% yr/yr in April from 3.5% in March, breaking a six-month ascending trend and turning down from the highest value... 

Unexpected boom at housing loans, personal credit skyrocket

May 7, 2019, 12:14 pm
March proved to be an extremely strong month in terms of retail lending in Hungary, proving wrong projections for a massive slowdown at the start of the year. New home loan extensions grew 27%, while there... 

Hungary central bank holds policy meeting

April 30, 2019, 2:00 pm
In line with market expectations, 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 the bank’s regular monthly... 

Hungary's central bank is fine for now, but could face dilemma later

April 29, 2019, 12:07 pm
Considering the rhetoric curveball the Hungarian central bank (MNB) has thrown after its policy meeting in March, the Monetary Council is almost certain not to alter rates at its upcoming meeting on Tuesday... 

Hungary's central bank gets new Deputy Governor

April 17, 2019, 1:39 pm
János Áder, President of the Republic of Hungary, has on Wednesday appointed Mihály Patai Deputy Governor of the National Bank of Hungary (MNB). Patai’s appointment was recommended by Prime Minister... 

Hungary needs five large universal banks - central banker

April 11, 2019, 10:25 am
The global banking sector has not yet regained investors’ confidence, but Hungary and the Central and Eastern European are doing well. Yet, banks in Hungary cannot grow complacent: loan penetration... 

Hungarian price increase at 10-yr high - Should central bankers start to worry?

April 9, 2019, 2:36 pm
Core inflation adjusted for the effect of indirect taxes, a key metric for the National Bank of Hungary (MNB), rose to 3.5% in March 2019 from 3.2% in February. The index was last higher than this in December... 

All eyes on Mario Draghi this week

April 8, 2019, 8:00 am
Several key macroeconomic releases are in the pipeline in Hungary this week, but Tuesday’s inflation statistics will steal the show, partly because it may also have an impact on the forint exchange... 

Lending in Hungary is not overheated - cenbank

April 4, 2019, 12:17 pm
According to the National Bank of Hungary (MNB), the credit market is growing in a sound structure, therefore using a tool for mitigating systemwide overheatedness is still not justified. The level of... 

Hungary's current account surplus is almost gone

April 4, 2019, 12:10 pm
Hungary’s current account surplus ebbed further in 2018, mostly because domestic demand became stronger, central bank (MNB) data showed on Thursday. The C/A surplus amounted to 0.5% of GDP, which... 

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... 

Hungary's inflation will not take off despite massive wage growth

March 28, 2019, 5:08 pm
The divergence between domestic and external economic process will be even more pronounced, the National Bank of Hungary (MNB) projects in its quarterly Report on Inflation published on Thursday. A faster-than-expected... 

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.... 

Hungary cenbank in no position to give strong forward guidance - Dep.Gov.

March 28, 2019, 3:03 pm
The monetary tightening carried out by Hungary’s central bank on Tuesday was a one-off measure, and the MNB cannot give a strong forward guidance because of the uncertainties of the external environment... 

Hungary central bank estimates fiscal impact of family protection scheme

March 28, 2019, 12:17 pm
The budgetary and lending impact of the family protection action plan announced by the Hungarian government in February will mainly emerge in 2020 and 2021 over the forecast horizon, the central bank said... 

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... 
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