Tag: mnb

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Mihály Patai en route to become new Deputy Governor of the MNB

March 13, 2019, 10:57 am
Hungary’s Prime Minister Viktor Orbán plans to recommend President János Áder to appoint Mihály Patai Deputy Governor of the National Bank of Hungary, announced Bertalan Havasi, deputy state secretary... 

Mihály Patai expected to be central bank Deputy Governor

March 13, 2019, 8:04 am
Economist Mihály Patai, head of the Hungarian operation of UniCredit and the Hungarian Banking Association is expected to join the central bank (MNB) as Deputy Governor in April, Klubradio reported late... 

ANALYST VIEW - Should we expect fakes and faints in next MNB bout?

March 12, 2019, 2:08 pm
Over the last few years, the National Bank of Hungary (MNB) has surprised investors several times by sticking to its loose monetary policy stance, and that it was ready to loosen further even when no one... 

Hungarian banking sector posts HUF 648 billion profit in 2018

March 12, 2019, 10:09 am
Hungary’s banking sector posted combined after-tax profit of HUF 648 billion in 2018, the National Bank of Hungary (MNB) reported on Tuesday. At the same time, this does not translate into an outstanding... 

Crucial data bound to trigger policy U-turn to be released in Hungary

March 7, 2019, 12:01 pm
Several analysts polled by Portfolio expect Hungary’s core inflation excluding indirect taxes, a key metric for the National Bank of Hungary (MNB) to show further rise in February. Due to a mounting... 

Hungary cenbank is indeed facing a turnaround - rate-setter

March 4, 2019, 5:19 pm
The National Bank of Hungary (MNB) has no exchange rate target, said Gyula Pleschinger, member of the bank’s Monetary Council whose reappointment for another six-year term was supported by Parliament’s... 

Gyula Pleschinger remains on Monetary Council

March 4, 2019, 1:39 pm
The Hungarian Parliament’s Economic Committee has supported the reappointment of Gyula Pleschinger as member of the central bank’s (MNB) Monetary Council for another six-year term on Monday.... 

INSTANT VIEW - Hungary cenbank leaves door wide open for tightening

February 26, 2019, 4:57 pm
In line with the market consensus, the Monetary Council of the National Bank of Hungary has not modified either its main policy rate or the overnight deposit interest rate. Other monetary conditions and... 

Matolcsy secures parliamentary backing for 2nd term at helm of c.bank

February 26, 2019, 3:31 pm
György Matolcsy has won support by Parliament’s Economic Committee on Tuesday for his second six-year term at the helm of Hungary’s central bank (MNB). At least one more face will be familiar... 

Hungary c.bank pledges to keep watching inflation like a hawk

February 26, 2019, 3:12 pm
After leaving monetary conditions on hold on Tuesday, the Monetary Council of the National Bank of Hungary (MNB) has reiterated almost verbatim its official statement released after the 29 January policy... 

Hungary central bank delivers rate decision

February 26, 2019, 2:00 pm
In line with the market’s call, the Monetary Council of Hungary’s central bank (MNB) has not changed interest rates at its monthly policy meeting on Tuesday. The rate-setters have not even... 

Final countdown begins: Hungary c.bank to do an about-face

February 25, 2019, 12:48 pm
After it turned out two weeks ago that tax-adjusted core inflation, a key metric of the National Bank of Hungary (MNB), reached the critical level at 3.0%, the final countdown to the launch of monetary... 

Hungary cenbank chief will have a busy day on Tuesday

February 25, 2019, 8:02 am
Although the central bank’s (MNB) policy meeting on Tuesday is unlikely to bring much excitement, MNB Governor György Matolcsy will make his appearance not only on the Monetary Council but also in... 

Hungary central bank chief to attend nomination hearing next Tuesday

February 22, 2019, 3:20 pm
National Bank of Hungary (MNB) Governor Gyögy Matolcsy will attend a nomination hearing in Parliament’s Economic Affairs Committee next Tuesday (26 February) at 9 A.M., according ot the agenda of... 

Hungary delivers greater victory than hoped for

February 18, 2019, 10:24 am
Hungary’s gross general government debt declined more than expected and was 70.9% of gross domestic product at the end of 2018, preliminary financial accounts data published by the central bank (MNB)... 

György Matolcsy to remain governor of Hungary's central bank

February 12, 2019, 12:33 pm
Hungary’s Prime Minister Viktor Orbán plans to propose to President János Áder the nomination of György Matolcsy as Governor of the National Bank of Hungary (MNB), following the parliamentary hearing... 

Hungary inflation reaches critical level, c.bank needs to act shortly

February 12, 2019, 11:47 am
Whereas Hungary’s headline inflation remained flat at 2.7% year on year in January 2019, the central bank’s (MNB) measures of underlying inflation developments suggest that demand-side inflation... 

Hungary will lay its cards on the table at last

February 11, 2019, 6:00 am
Fourth-quarter GDP figures will be in focus this week without a doubt. The first growth estimates for October-December 2018 are coming out in Europe, including Hungary. Crucial inflation data are also... 

Critical data to be released in Hungary, c.bank is on pins and needles

February 8, 2019, 4:08 pm
The first inflation reading of the year is to be released next week. It could be crucial from the point of view that it might give us a more accurate picture of the actual strength of the mounting price... 

Hungary c.bank chief: Hungary will adopt the euro

February 4, 2019, 1:38 pm
Hungary will join the euro area -eventually, sometime in the next few decades, said György Matolcsy, Governor of the National Bank of Hungary (MNB) at the Lámfalussy conference organised by the central... 
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