Hungary’s Forint Sinks to New Historic Low The forint hit another historic low against major currencies in the interbank market on Monday morning. The Hungarian currency reached... 2022.03.07.
Press Roundup: Hungary’s Economic Outlook Seen Uncertain A leading investment banker predicts that the war in Ukraine will have negative economic implications for Hungary where fast inflation... 2022.03.05.
National Bank Raises Deposit Rate to Halt Freefall of Hungary’s Forint The National Bank of Hungary (NBH) raised the rate for its one-week deposit facility by 75 bp to 5.35% ahead... 2022.03.03.
Compensation Payments Begin as Hungarian Subsidiary of Russia’s Sberbank Closes Sberbank, Russia's largest lender, announced on Wednesday that it was leaving almost all European markets. Prior to the decision, the... 2022.03.03.
Central Bank Withdraws Sberbank Hungary Licence, Orders Lender Wound Up The National Bank of Hungary (NBH) has said it withdrew the lending licence of Russian-owned Sberbank Hungary because of its... 2022.03.02.
Central Bank Will Intervene to Ensure Stability of Financial Markets “if Necessary” The National Bank of Hungary (NBH) will use all elements of its toolkit to intervene to ensure the stability of... 2022.03.02.
Central Bank Caps Client Withdrawals at Sberbank Hungary The National Bank of Hungary (NBH) on Tuesday said it is limiting the amount of repayable funds by Sberbank Magyarorszag... 2022.03.01.
Russian Sberbank’s Local Unit Holds Bank Holiday amid Fear of Bankruptcy The European Central Bank (ECB) has assessed that the European subsidiary of Russia's state-owned Sberbank is facing bankruptcy. Sberbank Europe... 2022.02.28.
National Bank: Inflation in February Could Be Close to 8.5 percent Hungarian central bank rate-setters raised the base rate by 50 basis points to 3.40 percent at a regular policy meeting... 2022.02.23.
Hungary Year-end Public Debt Ratio at 78.2% / GDP Hungary's public debt fell to 78.2 percent of GDP at the end of the fourth quarter, a first reading of... 2022.02.18.
Central Bank Head Matolcsy: Time to Ban Crypto Trading and Mining in the EU György Matolcsy, Hungary’s central bank (MNB) governor, believes the time has come to ban crypto trading and mining in the... 2022.02.16.
LMP Calls for Law on Central Bank to be Amended LMP wants the law on the central bank to be amended to ensure that any profits the bank generates are... 2022.02.03.
Central Bank Books Loss for First Time under Matolcsy The National Bank of Hungary (MNB) has closed 2021 with negative financial results for the first time since incumbent governor... 2022.02.02.
Election 2022: Opposition Pledges Central Bank Reform Politicians of the joint opposition on Thursday pledged to renew fiscal and monetary policy and to reform the National Bank... 2022.01.28.
Central Bank Hikes Base Rate by 50 bps to 2.9 pc Hungarian central bank (NBH) rate-setters, at a regular policy meeting on Tuesday, hiked the base rate by 50 basis points... 2022.01.26.
Central Bank Renews Call on Revolut to Set Up Hungarian Unit Revolut Bank should conduct its activities in Hungary as a subsidiary, with a local HQ and capitalisation, the Hungarian central... 2022.01.19.
Central Bank Head Matolcsy: Tackling Inflation ‘Top Priority’ Inflation is central banks' greatest foe, and tackling it is a vital step towards creating monetary sustainability, György Matolcsy, the... 2022.01.18.
Hungary Marks Record Number of Card Transactions in 2021 Forty million more card transactions were carried out in Hungary in the third quarter of last year than in the... 2022.01.11.
Hungarian Forint Manages to Stabilize after Inflationary Pressures The Hungarian Central Bank (MNB) successfully combatted the rising inflation level by raising interest rates, allowing the country's national currency,... 2022.01.07.
Central Bank: Food Price Rate of Increase May Double in 2022 In 2022, inflation will be much higher, while economic growth will be lower than previously expected, the National Bank of... 2021.12.20.
Central Bank Lifts Inflation Forecast for 2021, Lowers GDP Growth Estimate The National Bank of Hungary (MNB) raised its forecast for inflation for this year to 5.1 percent and lowered its... 2021.12.15.
