Tag: mnb

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Monetary tightening could be around the corner in Hungary - c.banker

January 16, 2019, 11:49 am
If Hungary’s core inflation reaches or exceeds 3.0%, the National Bank of Hungary (MNB) will have enough proof that monetary tightening needs to be started, MNB Deputy Governor Márton Nagy told... 

Has price pressure really abated in Hungary?

January 15, 2019, 12:16 pm
Inflation in Hungary decelerated further in December 2018, at least according to the headline figure published by the Central Statistical Office (KSH) on Tuesday. Meanwhile, the central bank’s (MNB)... 

Hungary is drowning in cash - Stock swells to over HUF 6 trillion

January 14, 2019, 12:07 pm
For the first time in the history of Hungary, the stock of currency in circulation exceeded 6 trillion forints, rising to HUF 6,117 billion by the end of 2018, which marks a 18.7% year-on-year growth.... 

Will Matolcsy remain Governor of Hungary's central bank?

January 11, 2019, 5:21 pm
“No surprise whatsoever should be expected," replied Prime Minister Viktor Orbán to a question about the mandate of central bank (MNB) Governor György Matolcsy expiring in March this year. This was... 

Lending in Hungary healthier than before crisis, central bank says

December 28, 2018, 10:44 am
The level of cyclical systemic risks is low, therefore increasing the countercyclical capital buffer is still not justified, the National Bank of Hungary (MNB) said in its credit report on Friday. Nevertheless... 

Hungary Q3 debt drops to 72.4% of GDP

December 28, 2018, 9:27 am
The National Bank of Hungary (MNB) has amended the general government’s Maastricht debt at the end of the third quarter of 2018 to 72.4% of GDP, sown from the previously published 72.8%, according... 

Budapest Stock Exchange to delist KEG shares

December 20, 2018, 1:32 pm
The National Bank of Hungary (MNB) has ordered the shares of Central European Gas Terminal (KEG) Nyrt., a company currently under liquidation, to be delisted as of December 18, 2018 for legal violations... 

Hungary central bank announces fintech sandbox

December 19, 2018, 2:21 pm
The National Bank of Hungary (MNB) will launch an Innovation Financial Regulatory Sandbox in order to promote the expansion of fintech innovations in the finance system without compromising stability... 

Hungary central bank expects faster growth in 2018, lower inflation in 2019

December 18, 2018, 3:50 pm
GDP growth in 2018 could reach 4.7%, the National Bank of Hungary (MNB) said in its quarterly inflation report on Tuesday. The figure had been adjusted from a 4.4 % forecast made in September following... 

Hungary central bank explains rate decision - coming months key

December 18, 2018, 3:24 pm
Core inflation is likely to continue to rise in the coming quarters, which the Council will assess in terms of the sustainable achievement of the inflation target, the Monetary Council of the National... 

Hungary central bank keeps base rate at 0.9%

December 18, 2018, 2:34 pm
As anticipated, the Monetary Council of the National Bank of Hungary (MNB) kept the benchmark interest rate at 0.9% at its rate-setting session on Tuesday. The interest rate corridor also remained unchanged.... 

All eyes on the central bank in Hungary

December 17, 2018, 5:24 pm
As a result of the deceleration of inflation in November as well as global developments, the National Bank of Hungary (MNB) is not forced to take any step towards monetary tightening just yet therefore... 

Here comes Hungary's new 500-forint banknote

December 17, 2018, 3:24 pm
New 500-forint bills will be put into circulation in Hungary on 1 February 2019, and the old banknotes may be used for payment until 31 October next year, the central bank (MNB) announced on Monday. ... 

Hungary's 'Team Matolcsy' to huddle up one last time this year

December 17, 2018, 8:05 am
Rate decisions will be setting the tone this week both in Hungary and elsewhere in the world. The National Bank of Hungary (MNB), the U.S. Federal Reserve and the Bank of England will all hold their last... 

May Hungary's Team Matolcsy be threatened with 'forint gun' in 2019?

December 13, 2018, 12:24 pm
The Monetary Council of the National Bank of Hungary (MNB) will have to make a statement again, while an increasing number of analysts doubt that it will be able to maintain the current interest rates... 

Clouds are gathering over Hungary's banking sector

December 10, 2018, 8:48 am
Credit institutions in Hungary posted 425 billion combined profit in the first three quarters of 2018, down from HUF 483 bn in the same period of 2017. The contraction primarily has to do with less provision... 

Hungarian government mulls making historic move

November 28, 2018, 10:18 am
If the government decides so, the ratio of foreign currency debt within Hungary’s total debt could be lowered to 3.3% seven years from now. By then there would be practically only two bond series... 

Spectacular turnaround on the pension fund front in Hungary

November 26, 2018, 4:33 pm
After six months of struggling voluntary and private pension funds in Hungary have finally recovered, and made profits on their investment in the third quarter of 2018. Voluntary pension funds achieved... 

Hungary's massive growth surprised everyone, but peak has been reached

November 23, 2018, 4:20 pm
It surprised everyone how robust the performance of the Hungarian economy was in the third quarter, but this rate is unsustainable therefore we should be prepared for a major slowdown next year and in... 

OECD warns Hungary to pay heed to possible overheating

November 21, 2018, 1:15 pm
The strong economic expansion is projected to slow gradually in the next two years, while wage growth and employment are to continue to support growth, the Organisation for Economic Cooperation and Development... 
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