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National Bank of Hungary (MNB)

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| Shutterstock.com

National bank inflation forecast

D&T
Dec 27, 2017

In Hungary, the rate of inflation will reach 3% percent, consistent with price stability. That inflation target in the prognosis of the National Bank of Hungary's inflation report is expected to be achieved in a sustainable manner by the middle of 2019.

| 123RF.com

National Bank competitiveness report

D&T
Oct 30, 2017

The National Bank of Hungary has published its latest competitiveness report in order to analyse, examine and evaluate Hungary’s competitiveness and to explore the possibilities of further progress with over a hundred indicators.

Renwed 1

Upgraded banknote to appear in Hungary

D&T
Aug 23, 2017

The National Bank of Hungary will continue its program of upgrading Hungarian forint banknotes . As part of the program. The Bank says it will issue into circulation an upgraded 1,000-forint note with new design elements and new security features.

The Eiffel Palace office building in Budapest | source: Horizon Development

Budapest's Eiffel Palace sold again

D&T
Aug 8, 2017

The National Bank of Hungary has sold heritage protected Eiffel Palace, a downtown office building in the vicinity of the Nyugati railway station in the Hungarian capital, to the Luxembourg-based Corpus Sireo Real Estate investment fund for EUR 53.8 million.

Governing parties pass the law in Hungarian Parliament | Szilárd Koszticsák / MTI

National bank public fund deals classified

D&T
Mar 1, 2016

Governing parties in Hungary passed a bill that exempts the country's national bank (MNB) from disclosing where and how the foundations it created spends public money. The government's justification is that this money "loses its public asset quality".

People line up for information on their money in front of brokerage branch office in downtown Budapest | Tamás Kovács / MTI

Brokerage scandal continues in Hungary

D&T
Mar 10, 2015

The National Bank of Hungary suspended the brokerage licence of the Hungarian Quaestor on Tuesday, citing regulatory shortcomings, and said the firm may also have issued many more bonds than permitted under its issuance program, the Reuters reported.

Tiszaroff castle hotel | source: kastely.blogter.hu

National Bank buys luxury castle hotel

D&T
Aug 7, 2014

The National Bank of Hungary (MNB) has purchased a castle hotel in eastern Hungary and it will operate the facility as its own resort in the future, the financial website portfolio.hu reports on the basis of news from HVG released on Thursday.

| Jakub Krechowicz/Shutterstock.com

Hungary's public debt remains over 80pc of GDP

D&T
Jan 2, 2014

Hungary’s general government consolidated gross debt at nominal value (or called the Maastricht debt) was 80.2% of GDP at the end of the third quarter of 2013, according to financial accounts data relesead by the National Bank of Hungary. (NBH).

Hungarian central bank deputy governor

Central bank deputy governor resigns in protest

D&T
Apr 8, 2013

Deputy Governor of the National Bank of Hungary (MNB), Júlia Király submitted her resignation on Monday. She also resigns as member of the Monetary Council. She wishes to protest against recent changes at the national bank.

| D&T archive

Hungarian base rate lowered to all-time low

D&T
Mar 26, 2013

The Monetary Council of Hungary’s central bank (MNB) has decided to lower the base rate by 25 basis points to an all-time low of 5.00% on Tuesday, in line with the market’s call. It was the first rate setting under newly appointed Governor György Matolcsy.

György Matolcsy at the parliamentary hearing | Tamás Kovács / MTI

Matolcsy named new Central Bank governor

D&T
Mar 1, 2013

Hungary’s Economics minister György Matolcsy has been nominated by Prime Minister Viktor Orbán as the next Governor of the National Bank of Hungary (NBH). Matolcsy follows András Simor whose six-year mandate expires on March 3.

The building of the National Bank of Hungary in Budapest | D&T archive

Central bank cuts interest rate again

D&T
Oct 31, 2012

In agreement with the analyst consensus, the government appointed rate-setters of National Bank of Hungary continued the easing cycle with another 25 basis point rate cut this week, lowering the benchmark interest rate to 6.25%.

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