The National Bank of Hungary (Magyar Nemzeti Bank - MNB) has built a EUR 10 billion safety net through agreements with major central banks. According to MNB, the economic policy pursued over the past decade has helped to achieve and maintain macroeconomic balance in Hungary and reduced the country’s external and internal vulnerability, thereby significantly […]

Hungary is set to go ahead with appointing four new external members to the Monetary Council of its central bank, under the new nomination rules passed by parliament, despite stark remarks by the president of the European Central Bank.