Tag: mnb

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Hungary cenbank chief Matolcsy: "We live in a new era."

July 12, 2019, 11:40 am
A friendship of several thousand years connect the Chinese and the Hungarian people; a 70-year-old diplomatic relationship connects the two countries, and we now live in a new era, “the era of Eurasia"... 

Popularity of cash remains unfazed in Hungary despite 'superbond' frenzy

July 11, 2019, 10:46 am
The average stock of currency in circulation continued to rise in Hungary in June despite the massive rush for the new retail government security, the preliminary balance sheet of the central bank (MNB)... 

Inflationary pressure did abate slightly in Hungary

July 9, 2019, 10:31 am
Hungary’s core inflation adjusted for the effects of indirect taxes, a key metric for the central bank (MNB), dropped to 3.5% in June from 3.7% in May, the MNB said on Tuesday. It signals a mitigation... 

Hungary central bank tightens liquidity

July 9, 2019, 8:33 am
The National Bank of Hungary (MNB) held FX swap tenders for one, three, six and 12 months maturities yesterday, allotting HUF 6.8 billion in each segment. With Monday's auctions, the total stock of excess... 

What are Hungarian households doing? Calm before the storm at housing loans

July 8, 2019, 2:51 pm
The rate of growth at Hungary’s retail lending and personal loans has declined further. While the natural saturation of the lending market is slowly approaching, the introduction of a new prenatal... 

Hungary has not been in this position for a decade

July 3, 2019, 3:20 pm
Hungary’s net lending of the rest of the world was 1.4% of GDP in the four quarters to the first quarter of 2019. The figure is special because it was last positive in 2009. Since then, under the... 

Hungarians go crazy for new superbond - will it have to be reined in?

July 2, 2019, 12:00 pm
The new so-called superbond, Hungarian Government Security Plus (MÁP+) has been an unequivocal success so far, with subscriptions over the first four weeks totalling more than HUF 1,000 billion. Believe... 

We'll learn this week if Europe's 'disease' spread to Hungary or not

July 1, 2019, 8:06 am
Although central bank policy meetings are not on the menu this week, there will be a number of releases that investors should keep a close eye on. Right off the bat, Hungary will learn if its economic... 

No systemic risk buffer requirement for banks in Hungary any longer

June 28, 2019, 4:43 pm
The National Bank of Hungary (MNB) has announced on Friday that it no longer requires CIB Bank Zrt. to maintain a systemic risk buffer as of 1 July 2019, following the appropriate cleaning of problem exposures.... 

No overheating, no need to beef up stability of financial intermediary system in Hungary

June 28, 2019, 2:36 pm
The credit market is growing in a sound structure and at a sustainable pace; therefore, using the countercyclical capital buffer for increasing the shock absorbing capacity concerning system-wide overheatedness... 

Will the Hungarian economy explode or cool down?

June 27, 2019, 3:18 pm
Hungary’s macroeconomic outlook is surrounded by both upside and downside risks, the central bank (MNB) said in its quarterly Report on Inflation on Thursday. In addition to the baseline projection... 

High pressure at work - Hungary cenbank publishes updated estimates

June 27, 2019, 1:47 pm
The Hungarian economy can grow by 4.3% in 2019 and by 3.3% in 2020, central bank (MNB) staff projected in the bank’s quarterly Report on Inflation published on Thursday. The previous 2019 estimate... 

Risk of economy overheating is "very low" - cenbank Deputy Governor

June 27, 2019, 9:03 am
Hungary’s economy is in a high-pressure phase with strong wage and output growth, but the risk of overheating is very low as investments are booming and it is running a current account surplus, central... 

INSANT VIEW - Hungary central bank remains on the sidelines

June 26, 2019, 9:39 am
The National Bank of Hungary (MNB) kept both the base rate and the overnight deposit rate unchanged on Tuesday, in line with market expectations. Regarding other monetary conditions the Monetary Council... 

"This is a very moderate tightening" - Hungary c.bank in a wait-and-see mode

June 25, 2019, 4:37 pm
Hungarian central bank (MNB) Deputy Governor Márton Nagy, and managing directors Dániel Palotai and Barnabás Virág have held an ‘expert talk’ with analysts and journalists on the “current... 

Hungary cenbank raises GDP, CPI estimates

June 25, 2019, 3:32 pm
The National Bank of Hungary (MNB) has raised its GDP and inflation estimates in its quarterly Report on Inflation to be released on Thursday. The MNB raised its annual average GDP growth estimate... 

Here's why the Hungarian cenbank has not raised O/N depo rate further

June 25, 2019, 3:00 pm
Regarding the outlook for inflation, data to be received in the second half of the year will be decisive, the National Bank of Hungary (MNB) said in a statement on Tuesday, after its Monetary Council kept... 

Hungary cenbank holds policy meeting

June 25, 2019, 2:07 pm
The Hungarian central bank's (MNB) Monetary Council has on Tuesday left interest rates on hold. The MPC's official statement coming up at 3 P.M. still offers some excitement. The MNB is also going to publish... 

Hungary's Monetary Council between a rock and a hard place

June 24, 2019, 8:30 am
The monthly policy meeting of the National Bank of Hungary (MNB) will set the tone this week in Hungary, and it could primarily affect the forint exchange rate. The rate setters are in a difficult position... 

Hungary cenbank to make terribly difficult call

June 21, 2019, 12:54 pm
The National Bank of Hungary (MNB) is expected to keep the base rate on hold at 0.9% at uts upcoming meeting on Tuesday (25 June), but analysts polled by Portfolio think that in light of the updated quarterly... 
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