Tag: monetary_policy

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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... 

Hungary's inflation breaks decade-long records, critical level reached

March 8, 2019, 1:29 pm
Hungary’s core inflation adjusted for the effects of indirect taxes, a key metric for the National Bank of Hungary (MNB) grew to a ten-year high of 3.2% in February from 3.0% in January. The other... 

Hungary February CPI surprises to the upside, cenbank needs to act

March 8, 2019, 9:00 am
Consumer prices rose 3.1% year on year in February 2019, the Central Statistical Office (KSH) reported on Friday. Analysts polled by Portfolio projected a 2.9% headline figure so the actual data is a surprise... 

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... 

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... 

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 cenbank could tighten monetary conditions as early as March

February 13, 2019, 10:18 am
Hungary’s January headline CPI was stable at 2.7% year on year, but this masked an underlying uptrend. The downside came mainly from non-core items, while this was offset by lower fuel and food readings.... 

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... 

INSTANT VIEW - Hungary monetary tightening seen starting in March

January 30, 2019, 8:46 am
The National Bank of Hungary (MNB) left both the policy rate flat at 0.9% and the overnight deposit rate (-0.15) and O/N lending rate (0.9%) unchanged at its monthly rate setting meeting on Tuesday, as... 

Changes to unconventional tools will start monetary normalisation in Hungary

January 29, 2019, 3:14 pm
The National Bank of Hungary ‘s(MNB) single anchor is inflation, its primary objective is to ensure that the consumer price index meets the 3% target in a sustainable manner, the Monetary Council... 

Hungary's central bank holds policy meeting

January 29, 2019, 2:00 pm
In line with the market’s call, the National Bank of Hungary (MNB) has not changed its key policy rate, and the bank’s Monetary Council has also left the interest rate corridor unchanged at... 

Monetary policy turnaround may be around the corner

January 28, 2019, 1:29 pm
It has become clear over the last few weeks that the National Bank of Hungary (MNB) will not be able to put off the ‘big decision’ for much longer, and after more than seven years it will have... 
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