Tag: mnb

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What lies ahead of Hungary's cenbank and the forint? - 10 key questions

July 17, 2018, 5:09 pm
It has occurred for the first time in many years that the market is testing the commitment of the National Bank of Hungary (NBH) to its loose monetary policy stance, and the weakening of the forint has... 

Hungary conceives master plan to catch up with Austria

July 11, 2018, 4:31 pm
The Hungarian economy can be set on a more sustainable growth path if the cabinet achieves a turnaround in competitiveness and the central bank is now giving it help with a package of proposals. According... 

Hungary will be trapped without reforms, c.bank warns

July 10, 2018, 12:39 pm
The National Bank of Hungary (MNB) has tabled a package of proposals on Tuesday for the improvement of the country’s competitiveness. The cabinet may now see what the central bank believes the country... 

A new programme by 'Team Matolcsy': New Hungarian Development Plan

July 9, 2018, 4:51 pm
Hungary’s National Competitiveness Council will tackle sustainable convergence and the strategy of economic development at its meeting on Tuesday, the Finance Minister told state-owned newswire MTI... 

Hungary forint could be shaken by upcoming data release

July 9, 2018, 12:55 pm
Hungary’s inflation accelerated to 3.2% year on year in June 2018 from 2.8% in May, according to analysts polled by Portfolio. Although the main driver was fuel prices, the focus on local inflation... 

Global changes make monetary policy unsustainable, Hungary central bank says

July 4, 2018, 4:41 pm
At its last meeting, the Monetary Council of the National Bank of Hungary (MNB) "noted that, due to changes in the international environment, the current loose monetary conditions could not persist for... 

Hungary to introduce new HUF 500 banknote

July 4, 2018, 1:04 pm
The National Bank of Hungary is replacing the HUF 500 note, completing its banknote redesign programme launched in 2014, the central bank said in a release. The new banknotes will be issued in two stages.... 

Hungary central bank sees systemic risk in problem project loans at CIB Bank

July 3, 2018, 3:56 pm
The National Bank of Hungary (MNB) reviewed, in the course of its regular revision in June 2018, the capital buffer rates required since last year to be maintained by two banks with a persistently high... 

Hungary debt falls further in Q1

July 2, 2018, 10:38 am
The general government consolidated gross debt at nominal value (or Maastricht debt) was HUF 28,045 billion, equivalent to 72.1% of GDP at the end of the first quarter, the National Bank of Hungary (MNB)... 

Hungary central bank sees no need to restrain lending

July 2, 2018, 8:41 am
The National Bank of Hungary (MNB) has made a decision on the countercyclical capital buffer rate applicable from July 1, 2018. As the level of cyclical systemic risks is still moderate, the Financial... 

Hungary central bank has four scenarios for forint to rebound

June 29, 2018, 12:51 pm
Analysts and the market in general increasingly expect the National Bank of Hungary (MNB) to take measures to protect the Hungarian forint, which has sunk to an all-time low against the euro. The central... 

Few believe the forint will regain ground - ANALYSIS

June 28, 2018, 9:23 am
Analysts are reviewing their forecasts as the Hungarian forint keeps falling, and few now believe the trend will reverse before reaching 330 against the euro. What happened to the forint? Over the... 

Hungary's wage boom rooted in country's gravest problem

June 27, 2018, 3:45 pm
Labour shortage is becoming increasingly cumbersome in Hungary that forces corporates to raise wages rapidly. According to a study by the National Bank of Hungary (MNB), companies carry out more investments... 

Hungary central bank unworried about price stability

June 21, 2018, 3:41 pm
The National Bank of Hungary (MNB) has raised its inflation prognoses to 2.8% from 2.5% for 2018 and to 3.1% from 2.95 for 2019, shows the bank’s quarterly Report on Inflation published on Thursday.... 

Hungary cenbank action futile, forint hammered again

June 20, 2018, 2:01 pm
The appreciation of Hungary’s forint versus the euro fizzled out at around 322, so it seems the central bank was able to calm investors only temporarily. 20/06/2018 9:26am INSTANT VIEW - Hungary... 

INSTANT VIEW - Hungary c.bank applies more cautious rhetoric

June 20, 2018, 9:26 am
The National Bank of Hungary has left monetary conditions unchanged at its policy meeting on Tuesday, but it sent a strong message to markets to stem forint depreciation. Here’s how analysts assessed... 

Hungary cenbank revises GDP, CPI estimates upwardly

June 19, 2018, 4:47 pm
The National Bank of Hungary (MNB) has raised its growth and inflation estimates in its latest quarterly Report on Inflation. The bank projects 4.4% GDP growth and 2.8% inflation for this year. Strong... 

Hungary c.bank defends forint with surprise statement

June 19, 2018, 3:43 pm
In the Monetary Council’s view, the current loose monetary conditions can no longer prevail up to the end of the 5 to 8-quarter horizon of monetary policy, the National Bank of Hungary (MNB) commented... 

Hungary forint rebounds after strong message by central bank

June 19, 2018, 3:33 pm
Hungary’s forint depreciated to 325 versus the euro in the afternoon on the back of the central bank's official post-meeting statement, but the MNB has also sent a strong message to markets that... 

Hungary central bank gives rationale for policy decision

June 19, 2018, 3:00 pm
The Monetary Council of the Hungarian central bank (MNB) has published its official post-meeting statement after leaving monetary conditions unchanged on Tuesday. The statement contains indications to... 
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