It Is Too Early to Talk about Joining the Euro Zone, Says Finance Minister Speaking at the Tranzit Festival in Tihany on Saturday, during a discussion on the consequences of giving up the national... 2023.08.28.
End of Interest Rate Rise in Hungary, Other Tools on Way for Monetary Tightening On Tuesday, the Governor of the Hungarian National Bank announced that the bank's 16-month cycle of interest rate hikes, the... 2022.09.28.
Hungarian Forint Strengthens after Central Bank Base Rate Hike Hungarian rate-setters raised the central bank's base rate by 200 basis points, to 9.75 percent, at an extraordinary meeting on... 2022.07.13.
Hungarian National Bank to Raise Base Rate Next Week, Forint Strengthened on Thursday The rapid convergence of the base rate and the one-week deposit rate will be on the agenda at the next... 2022.07.08.
Hungary’s National Currency Weakens to Historic Low The forint plunged to a new historic low against major currencies on Wednesday, trading past 416 versus the euro. Meanwhile,... 2022.07.07.
London Analysts Expect Hungarian National Bank Base Rate to Peak above 10 Percent by Year’s End According to significantly revised forecasts by London-based financial analysts, the Hungarian National Bank (MNB) base rate is likely to peak... 2022.06.29.
Hungarian Central Bank Decides on Massive Rate Hike At a monthly policy meeting on Tuesday, policymakers of the National Bank of Hungary (NBH) raised the base rate by... 2022.06.29.
Central Bank: Capital, Liquidity Reserves Make Banking System Resilient to Crisis Hungary's banking system was in a "prepared state" as it faced a sharp increase in risks because of the war... 2022.05.26.
Central Bank Suggests Major Changes to Hungary’s Pension System The Central Bank of Hungary (NBH) would reform Hungary's pension scheme, according to its recently-published stabilization program. The main points... 2022.05.23.
Central Bank Governor Calls for Program to Boost Competitiveness The central bank is proposing a two-year "competitiveness program" to restore the economy's "dramatically deteriorated" balance, governor György Matolcsy told... 2022.05.19.
Central Bank: Double-Digit Inflation in Hungary ‘Unavoidable’ Fiscal and monetary policy will have to be coordinated to bring down inflation, and the government should focus on the... 2022.05.18.
Central Bank Deputy Governor Augures “Protracted” Fight against Inflation Hungary's economy is robust, with first-quarter growth estimated over 8 percent, which could put full-year growth around 4 percent, Barnabás... 2022.05.12.
Hungary Central Bank Raises Base Rate by 100 bp Hungarian central bank rate-setters hiked the base rate by 100 basis points to 5.40 percent at their regular meeting on... 2022.04.27.
Hungary Posts EUR 794 Million Deficit in February Hungary's current account had a 794 million euro deficit in February, widening from a 763 million euro gap in the... 2022.04.14.
Inflation Likely to Rise Dramatically from May After the 2022 parliamentary elections, the lifting of the price cap on food and fuel would lead to a surge... 2022.03.29.
Opposition: PM Orbán, Central Bank Governor ‘to Blame for Inflation, Poor State of Economy’ Opposition lawmakers have blamed the prime minister and the central bank governor for Hungary's high rate of inflation and "the... 2022.03.26.
Central Bank Points to ‘Strong’ Influence of War on Economic Activity in Inflation Report The National Bank of Hungary (NBH) acknowledged the country's "dynamic" economic growth early in the year, following a record expansion... 2022.03.26.
Almost Two Thirds of Sberbank Hungary’s Deposits Not Covered by Insurance After the Hungarian central bank revoked the activity license of Sberbank Hungary, the local branch of Russia's largest bank, the... 2022.03.25.
Forint Strenghtens As Hungary’s Central Bank Significantly Raises Base Rate Hungarian rate-setters raised the central bank base rate by 100 bp to 4.40 percent at a monthly policy meeting on... 2022.03.23.
Money Museum Opens in Budapest The Hungarian Money Museum (Magyar Pénzmúzeum) and Visitor Center of the Hungarian National Bank officially opened on March 15, the Museum's... 2022.03.17.
Forint Recovers after Central Bank’s Intervention The National Bank of Hungary decided to raise the upper band of its interest rate corridor on Tuesday which had... 2022.03.09.
