Tag: monetary_policy

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MNB expects faster growth, level inflation in 2018

December 19, 2017, 4:05 pm
The National Bank of Hungary (MNB) improved its GDP forecast in its latest inflation report released today, while inflation is expected to be lower than projected this year. The central bank now sees... 

Hungary central bank leaves base rate on hold

December 19, 2017, 3:30 pm
The Monetary Council of the National Bank of Hungary (MNB) left the benchmark rate unchanged at its last policy meeting of 2017, in line with expectations. The council held the benchmark three-month... 

Christmas pack from Hungary's 'Matolcsy & Co.'? - Don't count on it!

December 15, 2017, 4:47 pm
The Monetary Council of Hungary’s central bank (MNB) is expected to keep interest rates on hold at its last policy meeting of 2017 on Tuesday, according to economists polled by Portfolio. At the... 

Hungary's monetary easing becomes worldwide sensation

December 6, 2017, 10:27 am
The National Bank of Hungary (MNB) is joining the quantitative easing era just as major global counterparts such as the U.S. Federal Reserve look to leave it, Bloomberg reported on Wednesday. It seems... 

Hungary cenbank FX swaps reach record high

December 5, 2017, 5:26 pm
The National Bank of Hungary (MNB) has held FX swap tenders in the 1-month, 3-m and 12-m segments, and accepted HUF 100 bn in bids. As a result of the tenders held on Monday, excess liquidity the central... 

Hungarian authorities relaxed about risks - Should they be concerned?

December 5, 2017, 3:38 pm
Hardly anyone in Hungary believes that the economy is overheating, inflation is about to take off or the forint is vulnerable because rates are too low, economists at Morgan Stanley summed up what they... 

ANALYST VIEW - When is excessively loose policy a problem for Hungary?

November 27, 2017, 12:46 pm
Morgan Stanley has slightly lowered its growth estimate for Hungary for this year and raised it for 2018. It projects a prolonged period of above-trend growth in Hungary, fuelled mostly by consumption... 

Hungary central bank crowds out HUF 100 bn from 3-month depos

November 23, 2017, 11:11 am
The National Bank of Hungary (MNB) has held its second three-month central bank deposit tender of the fourth quarter of 2017. The stock of 3-m deposits dropped to HUF 175 billion. Banks wanted to purchase... 

INSTANT VIEW - Hungary c.bank comes up with new tools to flatten yield curve

November 21, 2017, 4:02 pm
(Adds comment by OTP on page 3) The National Bank of Hungary (MNB) has on Tuesday kept its base rate on hold at 0.9% and did not modify its overnight deposit or lending rates, either. However, it has... 

Hungary cbank to deploy two new unconventional policy tools

November 21, 2017, 3:01 pm
In order to make sure loose monetary conditions have an effect not only at the short but also at the longer end of the yield curve, the National Bank of Hungary (MNB) decided to introduce two unconventional... 

Hungarian cenbank holds policy meeting - What will be its next move?

November 21, 2017, 2:00 pm
The Monetary Council of the Hungarian central bank (MNB) has left the base rate on hold at 0.9% at its monthly policy meeting on Tuesday. As of Wednesday, the overnight deposit rate is -0.15% and the overnight... 

It was enough for Hungary's cenbank to talk to avoid nuclear option

November 20, 2017, 12:34 pm
The Monetary Council of the National Bank of Hungary (MNB) is to hold its monthly policy meeting on Tuesday, and it might deploy new unconventional easing measures. The new easing round opened in September... 

ANALYST VIEW - Hungary central bank has “a million ways" to ease

November 10, 2017, 12:48 pm
The upcoming policy meeting (21 Nov) of the Hungarian central bank (NBH) will be the clear highlight of the coming two weeks in Hungary. In view of the bank’s rhetoric, its recently published minutes... 

INSTANT VIEW - Hungary c.bank may deploy more unconventional tools (2)

November 9, 2017, 2:34 pm
(Adds comment by Erste on page2) Hungary’s inflation slowed to 2.2% year on year in October from 2.5% in September, more than the market expected (2.3% consensus in a Portfolio poll). The main drivers... 

Hungary cenbank works to lower interest rates on long-term loans

November 8, 2017, 3:16 pm
The minutes of the Hungarian central bank’s October policy meeting contains little that we did not know already. The Monetary Council reiterated that it mulls the deployment of additional monetary... 

Hungary's central bank to make changes to interbank rates arena

October 31, 2017, 8:09 am
As of 2 January 2018, executable quoting, currently applied to the one-month and three-month maturities, will be extended to the six-month maturity, the minimum transaction size will be increased and the... 

Portfolio presents: The secret armoury of the Hungarian central bank

October 25, 2017, 3:44 pm
The Monetary Council of the National Bank of Hungary (MNB) has signalled in its official post-meeting statement on Tuesday that it is willing to consider the deployment of new unconventional tools in... 

INSTANT VIEW - Hungarian central bank ready to use new unconventional tools

October 24, 2017, 4:20 pm
(Adds comment by J.P. Morgan, Morgan Stanley on page2, OTP on page3) The National Bank of Hungary (MNB) has kept monetary conditions unchanged at its monthly policy meeting on Tuesday, but signalled that... 

Hungary cenbank seen mulling new unconventional tools

October 24, 2017, 3:51 pm
The Monetary Council will stand ready to ease monetary conditions further and is considering unconventional instruments to be used accordingly. This is one of the key sentences in the statement released... 

Hungary cenbank leaves monetary conditions unchanged

October 24, 2017, 2:00 pm
At its monthly policy meeting on Tuesday, the Monetary Council of the Hungarian central bank (MNB) has left the base rate on hold at 0.9% and the interest rate corridor has not been changed either. ... 
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