Tag: monetary_policy

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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 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 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... 

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 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 cenbank holds policy meeting - Here's the decision!

June 19, 2018, 2:15 pm
In line with expectations, the Monetary Council of the Hungarian central bank (MNB) has kept its base rate (they still label benchmark) unchanged. As a result, the base rate remains 0.9% and the two ends... 

Hungary c.bank to think tightening for the first time in 6 yrs - HUF beware?

June 19, 2018, 11:09 am
The upcoming monthly policy meeting of the National Bank of Hungary (MNB) on Tuesday is likely to offer more thrills than any time over the last few years. This is the first time in the past six years... 

Fate of Hungary's forint in the hands of the central bank

June 18, 2018, 10:17 am
There will not be a whole lot of macroeconomic releases this week, but central banks should be kept in focus, nevertheless. For Hungary, it is naturally the MNB policy meeting that matters the most, but... 

A crisis is knocking, warns Hungary's cenbank chief Matolcsy

June 14, 2018, 12:20 pm
We live in an age of innovations, including the fulfilment of financial innovations, but the crisis is at the gate in the world, warned György Matolcsy, Governor of the National Bank of Hungary (MNB) in... 

Hungary cenbanker sees no reason now to deviate from dovish bias

June 14, 2018, 10:45 am
A member of the Hungarian central bank’s Monetary Council, Gyula Pleschinger, said on Thursday he saw no reason for now to deviate from a loose monetary policy bias. He has also acknowledged that... 

Panic in the world - Is Hungary's economic policy turning around?

May 30, 2018, 1:59 pm
There is no room in the budget for further stimulus, in these turbulent times Hungary needs more fiscal room, Finance Minister Mihály Varga told Bloomberg on Tuesday. His remarks show a major divergence... 

Hungary cenbank allocates HUF 50 bn of MIRS at tender

May 24, 2018, 5:17 pm
The National Bank of Hungary (MNB) has offered a total of 50 billion forints worth of fixed-rate 5-year and 10-year interest rate swaps (IRS) to commercial banks on Friday, the bank announced. The MNB... 

Forint eases, Hungarian cenbank does not react - What do analysts think?

May 23, 2018, 9:53 am
In line with the market consensus, the National Bank of Hungary (MNB) has left monetary conditions unchanged on Tuesday. The 3M depo rate remains at 0.9% (capped at HUF 75bn), while the O/N depo rate is... 

Hungary cenbank provides rationale for rate decision

May 22, 2018, 3:00 pm
“In the current volatile financial market environment, the fundamentals of the Hungarian economy continue to be stable. The country’s external debt has declined significantly, and its net lending... 

Hungarian central bank holds policy meeting!

May 22, 2018, 2:00 pm
The Monetary Council of Hungary’s central bank (MNB) has not changed its “benchmark" policy rate at its monthly policy meeting on Tuesday, as expected. The overnight deposit rate (-0.15%) and... 

Hungary cenbank remains relaxed, will follow ECB - Deputy Governor

April 26, 2018, 11:28 am
Following key remarks made at Portfolio’s Lending 2018 conference last week, the Deputy Governor of Hungary’s central bank (MNB) told Reuters in an interview that the bank is relaxed about... 
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