The amount of cash in circulation in Hungary has hit a record in recent months. The explanation is likely to be the uncertainty caused by the war in Ukraine, but the central bank says there is no reason for Hungary to worry. Never before has so much cash been in the hands of Hungarians as […]

The Monetary Council of the National Bank of Hungary (MNB) raised the base rate by 100 basis points to 4.4% this Tuesday, and pushed up the interest rate corridor by a similar amount. MNB says in a statement that its primary objective is to achieve and maintain price stability. Without prejudice to its primary objective, […]

The Money Museum of the National Bank of Hungary (MNB) will open an interactive exhibition in the newly renovated Postapalota (‘Postal Palace’) from March 16, with a special focus on young people, the Hungarian state news agency MTI reports. The interactive exhibition on the history of money and the operation and future of money management […]

From this Monday, the National Bank of Hungary (MNB) ordered two bank holidays at the Hungarian Sberbank at the request of the credit institution. During this period customers will be able to make bank card transactions and can receive incoming items on their accounts but will not be able to perform account transactions. The MNB […]

The decision of the Monetary Council of the Magyar Nemzeti Bank (MNB) on Tuesday was in line with expectations, and the publication of the latest inflation report may bring a change in central bank policy, analysts told the state news agency MTI. The National Bank of Hungary (MNB) raised its benchmark base rate by 50bps […]

Despite the National Bank of Hungary (MNB) raising the policy rate by a total of 70 basis points in two steps last week, the Hungarian forint (HUF) fell to a new historic low against the common European currency (EUR) on Monday morning. In one day, the euro exchange rate broke through the psychological barrier of […]

According to data by the National Bank of Hungary (MNB), the number and value of mobile payment transactions more than doubled between the second quarter of 2020 and the second quarter of 2021. The growing popularity of smartwatch payments could further boost the uptake of innovative solutions in Hungary. "We are always very happy to […]

The National Bank of Hungary (MNB) has published the notice setting out the technical conditions of the Green Mortgage Bond Purchase Programme and the Mortgage Bond Rollover Facility and has decided to fine-tune the collateral management framework by improving the conditions of green securities. In July 2021, The Monetary Council reviewed and approved the MNB’s […]

At its meeting on July 27, 2021, the Monetary Council of the National Bank of Hungary (Magyar Nemzeti Bank – MNB) reviewed the latest economic and financial developments and decided to increase the central bank base rate by 30 basis points to 1.20% in effect from the next day. The goal of the measure is […]

The National Bank of Hungary (MNB), the country's central bank, has organised a high-level conference on the occasion of the 30th anniversary of the establishment of the Visegrad Cooperation. Among the speakers of the conference, titled 'Gradual Transition into a Greener Economy – Challenges and opportunities', the bank welcomed the central bank governors and deputy […]

The Monetary Council of the National Bank of Hungary (MNB) reviewed and approved the Bank's Green Monetary Policy Toolkit Strategy. The MNB's mission is to implement monetary policy tools that - without jeopardizing its primary objective – would ensure long-term environmental sustainability, and thereby contribute to Hungary's sustainable convergence. The Bank's press release points out […]

In its latest publication, the National Bank of Hungary (MNB) presented and summarized its responses with which was able to successfully handle the crisis caused by the coronavirus pandemic. Governments and central banks have responded with historical scale crisis management measures to the pandemic broke out in early 2020. The former launched a number of […]

National Bank of Hungary (MNB) governor György Matolcsy said he believes the 5.9-percent-of-GDP deficit target in the 2022 budget is "a mistake" and could set the country up for "persistently high inflation." He wrote in an online column this Monday that "Parliament has approved the 2022 budget and its target for a 5.9-percent-of-GDP deficit. I […]

To honor the 750th anniversary of Győr, NW Hungary, becoming a royal town, the Magyar Nemzeti Bank is issuing a special non-ferrous metal collector coin of HUF 750 making a reference to the anniversary. With 40,000 pieces, an unusually high number of the coin will be minted. The coin was designed by sculptor Ferenc Lebó […]

The National Bank of Hungary (MNB) has issued a silver collector coin of HUF 10,000 and its HUF 2,000 non-ferrous metal version named ‘XXXII. Nyári Olimpiai és XVI. Nyári Paralimpiai Játékok’ (Games of the XXXII Olympiad and the XVI Paralympic Games). The Games of the XXXII Olympiad and the XVI Paralympic Games will be held […]