Tag: mnb

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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... 

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... 

Here's the official exchange rate: EUR/HUF slightly above 310 at end-2017

December 29, 2017, 12:03 pm
The National Bank of Hungary (MNB) has set the official EUR/HUF exchange rate for the end of 2017 at 310.14. Consequently, the end-year general government debt may be calculated at a stronger forint than... 

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... 

Hungary 2017 Top Stories: Boom boom goes the economy

December 24, 2017, 12:00 pm
The National Bank of Hungary (MNB) and the market alike expect 3.9% economic growth in Hungary in 2017, the second highest annual figure in the past decade, so opening some champagne is justified. However... 

Hungary central bank maintains countercyclical capital buffer rate at 0%

December 22, 2017, 4:20 pm
The National Bank of Hungary (MNB) on Friday determined the countercyclical capital buffer rate applicable from January 1, 2018. The level of cyclical systemic risks is low, and therefore the Financial... 

National Bank of Hungary inflation report forecasts slowdown after 2018

December 21, 2017, 1:21 pm
Inflation could reach the central bank's 3% target in the second quarter of 2019, while economic growth could begin to slow down after 2018, the National Bank of Hungary (MNB) said in its inflation report... 

Hungary’s Q3 net external financing capacity EUR 1.1 bln

December 21, 2017, 9:55 am
Hungary had an EUR 806 million current account surplus in the third quarter of 2017, the National Bank of Hungary (MNB) announced on Thursday. This is less than the EUR 1.175 bln analyst consensus and... 

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... 

Hungary central bank leaves base rate on hold

December 19, 2017, 3:30 pm
The Monetary Council of the National Bank of Hungary (MNB) left the benchmark rate unchanged at its last policy meeting of 2017, in line with expectations. The council held the benchmark three-month... 

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... 

Hungarian banks face plummeting ROE as accounting trick comes to an end

December 12, 2017, 12:17 pm
Hungary's banking sector could see a record-high profit this year, but this performance is not sustainable. Even now, their ROE (return on equity) would only be 5 to 6% instead of 14 to 15% if not for... 

Hungarian banks launch counter-offensive to take back the economy

December 8, 2017, 4:40 pm
Multinational parent companies, foreign banks and supply partners have replaced domestic banks in the financing of Hungarian corporates during the toughest years of the crisis - in part, at least. According... 

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... 
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