News tagged with: MNB

The Central Bank Aims for a Sustainable Reduction in Inflation

According to the Hungarian Central Bank, it is in the interest of the national economy to achieve a sustained reduction...

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Inflation Expected to Slow to 7-8 Percent by the End of the Year

The consumer price index will fall to 7-8 percent by the end of the year, and the disinflationary impact will...

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Economic Growth to Return in Second Half of the Year

The Hungarian economy may return to growth in the second half of the year, Finance Minister Mihály Varga said at...

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Domestic FinTech Sector Continues to Expand

An increasing range of banking products are available digitally, and the digital maturity of banks is continuously improving, Anikó Szombati,...

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The Year of the Forint

The forint has continued to strengthen in the second quarter of 2023. In the first half of the year the...

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Central Bank on a Gold Shopping Spree

As much as 35.7 tonnes of gold is held by the world's central banks as a whole, according to the...

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National Bank Supports the Studies of Fifteen Hungarian Minority Students

Fifteen Hungarian students from Romania, Serbia, Ukraine and Slovakia received the Pallas Athéné Excellence Scholarship from Zoltán Dubéczi, Presidential Advisor...

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Happy Borrowers: Further Interest-Rate Cuts on the Horizon

After the Hungarian Central Bank cut its one-day deposit rate by 100 basis points (1%) to 17% in May, it...

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Central Bank of Hungary Attends Bank of China Conference

The National Bank of Hungary (MNB) was represented by Deputy Governor Mihály Patai at the Belt and Road Initiative and...

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Banking System Resilient, but Profits Expected to Fall

The Hungarian banking system has entered the current complex and challenging period with a stable, strong capital position and substantial...

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Monetary Policy Normalization by Central Bank of Hungary in Progress

Managing the transition from rate hikes to rate cuts without market shocks is usually a tricky task for central banks....

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MBH: Second Largest Player in Hungarian Banking Starts Operations

In the history of banking integration, triple mergers are quite rare. Even the merger of two large banks could pose...

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Hungary to Play an Important Role in Renminbi Internationalization

Mihály Patai, Vice President of the MNB The Magyar Nemzeti Bank (MNB), Hungary's central bank, organized the Budapest Renminbi Initiative...

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Central Bank Governor Calls Sustainability the Challenge of the Century

The greatest challenge of the 21st century is to create environmental sustainability, and to achieve a sustainable growth path we...

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Central Bank Deputy Governor Calls Inflation Number One Enemy

Inflation, digital central bank currency, and sustainability were also on the agenda of this year's Lámfalussy Conference, organized by Hungary's...

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Central Bank Governor Calls for Anti-inflation Measures

Inflation must be reduced as quickly and permanently as possible, according to the Governor of the Hungarian National Bank (MNB)....

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Minister János Csák Recipient of Wekerle Sándor Prize

The Grand Prize of the Wekerle Sándor Carpathian Basin Economic Prize was awarded to Minister of Culture and Innovation János...

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Central Bank Foresees Significant Inflation Decline

Inflation will fall sharply from the second half of next year, and a "rapid rebound" of slowing economic growth is...

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Hungary’s National Debt/GDP Ratio Shows Signs of Slight Improvement

The consolidated gross debt of the general government at nominal value stood at HUF 47 884 billion (EUR 116 bn)...

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