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National Bank of Hungary (MNB)

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Collector Coins to Honor Weather Service Anniversary

D&T
Sep 25, 2020

The National Bank of Hungary has issued a silver collector coin with a face value of HUF 10,000 and its non-ferrous metal version of HUF 2,000 to mark the 150th anniversary of the foundation of the Hungarian Meteorological Service on September 25, 2020. For the first time in the history of central bank issuances of […]

Inflation Rate Continues to Grow in Hungary

D&T
Sep 24, 2020

Following an EU record 3.8% annual inflation rate in July, this figure rose to 3.9% year on year in August, primarily reflecting increases in the prices of fuel and industrial goods due in part to base effects. A report published this Friday by the National Bank of Hungary (MNB) is of the view that supply-demand […]

The Effects of COVID-19 on Payments

D&T
Sep 19, 2020

The adverse effects of the outbreak of the coronavirus pandemic did not have a significant effect on the domestic payments infrastructure; however, there was a substantial decline in turnover data for almost all payment methods in the second quarter of 2020. According to a report by the National Bank of Hungary (MNB), it is primarily […]

Kiskunság National Park collector coins

Kiskunság National Park Collector Coins

D&T
Sep 1, 2020

The National Bank of Hungary (MNB) will issue a silver collector coin of HUF 10,000 and its non-ferrous metal version with a face value of HUF 2,000 on September 2, 2020 to honor the 45th anniversary of the foundation of Hungary’s second national park. The vertical rectangle special collector coins will be issued as a […]

Central Bank to Support Green Finances

Sándor Laczkó
Aug 4, 2020

By implementing its Green Program, the National Bank of Hungary (MNB) wishes to contribute to reducing risks related to climate change and other environmental issues and to raising the volume of green market financing in Hungary. Following the measures already taken in the banking sector, the Bank says it will start introducing green finances in […]

Budapest Hungária Boulevard

Stagnating House Prices in Budapest

D&T
Aug 2, 2020

According to the latest house price index data by the National Bank of Hungary (MNB), house prices grew by 8.3% in Budapest in the period between 2019 Q1 and 2020 Q1. House prices were unchanged in Budapest quarter on quarter. As a result, this was the second consecutive quarter when house prices did not rise […]

National Bank of Hungary: EUR 10 Billion Safety Net

D&T
Jul 25, 2020

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 […]

Replacement of Old Hungarian Banknotes for Free May End

D&T
Jul 21, 2020

The National Bank of Hungary (MNB) has warned that HUF 2,000 and 5,000 banknotes issued before 2016 may not be replaced with the new banknotes free of charge at every bank and postal office after July 31, 2020. A statement by MNB says that after July 31, 2020, post offices and credit institutions may continue […]

National Bank Continues to Support 'Green' Mortgages

D&T
Jul 20, 2020

The National Bank of Hungary (MNB) extended its Green Preferential Capital Requirement Program that does not only recognize discounts for interest rates but also for fees in the future, which provides incentives to introduce additional mortgage loans for energy efficiency purposes. The program is extended by one year, until the end of 2024. An MNB […]

Coins to Commemorate Hungarian Painter

D&T
Jul 6, 2020

The National Bank of Hungary (MNB) has issued a silver collector coin with a face value of HUF 10,000 to honor the 175th anniversary of Hungarian painter Pál Szinyei Merse’s birth and the 100th anniversary of his death. The collector coin, which also has its non-ferrous metal version with a face value of HUF 2,000, […]

Monetary Council Reduces Base Rate

D&T
Jun 23, 2020

At its meeting on June 23, 2020, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and lowered the central bank prime interest rate by 15 basis points to 0.75% with effect from June 24, 2020. In a press release, MNB says that its mandate in the […]

Coins Commemorate Stock Exchange Anniversary

D&T
Jun 20, 2020

The National Bank of Hungary (MNB) issues a silver collector coin with a face value of HUF 10,000 and its non-ferrous metal version of HUF 2,000 to mark the 30th anniversary of the re-establishment of the Budapest Stock Exchange on June 21, 2020. As a successor of the first stock exchange in Hungary established over […]

Good News on Instant and Electronic Payments

D&T
Jun 17, 2020

The number of payment cards and, in line with the outbreak of the coronavirus pandemic, as a result of the rapid growth in home delivery services and preference to contactless payments, the number of virtual merchant outlets accessed via internet increased significantly in Hungary in the first quarter of 2020. An information release by the […]

House construction in Budapest

Less Transactions and Rising Market Bargain

D&T
Jun 12, 2020

The coronavirus pandemic led to a sharp fall in housing market activity at the end of March 2020; and construction activity is also expected to slow. Looking ahead, the market of new homes may be supported by the preferential, 5% VAT rate applicable in brownfield zones, says a report by the National Bank of Hungary […]

Hungarian Nobel Laureate Birth Centenary Coins

D&T
May 29, 2020

The National Bank of Hungary (MNB) issues a silver collector coin with a face value of HUF 10,000 and its non-ferrous metal version of HUF 2,000, on the 100th anniversary of Hungarian-born American Nobel Prize winner János Harsányi’s birth. By issuing this collector coin, MNB wishes to pay tribute to the renowned researcher of the […]

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