The shock-absorbing capacity of the Hungarian banking sector remains strong. In the second half of 2020, the sector’s capital position improved further, while banks’ liquidity continued to rise even from its previous high level, according to an analysis by the National Bank of Hungary (MNB). The banking system is characterised by a balanced funding structure […]
In 2020, the effects of the pandemic were reflected in a decline in the number of transactions, rather than in developments in house prices. The number of transactions fell by 15.5%. In Budapest, they declined even more sharply, by 25.1%. Although domestic house prices rose further on a national average, the annual nominal growth rate […]
The National Bank of Hungary (Magyar Nemzeti Bank - MNB) has issued a non-ferrous metal collector coin of HUF 2,000 to honor the Hungarian Presidency of the Council of Europe. It is the second time Hungary has tended to the tasks of the presidency in the international organisation representing the protection of human rights, democracy […]
The Hungarian currency, the forint continued to strengthen on Tuesday, with the euro falling below HUF 350 on international currency markets. However, this position is still about 33% weaker than in the spring of 2010 when the Orbán government took power. The strengthening continued after the statement by Barnabás Virág, Vice Governor of the National […]
The National Bank of Hungary (Magyar Nemzeti Bank - MNB) will issue a HUF 10,000 silver collector coin and its non-ferrous metal version of HUF 2,000 named ‘XVI. UEFA Labdarúgó-Európa-bajnokság’ (16th UEFA Football European Championship) one month before the first game of the tournament to be held in Budapest. The collector coins were designed by […]
The National Bank of Hungary (MNB) has published its new supervisory recommendation for credit institutions on climate-related and environmental risks. The aim of the recommendation is to raise awareness among Hungarian banks and to improve their preparedness for climate-related and environmental risks as well as for the related new regulatory challenges. The document, applicable from […]
The National Bank of Hungary (MNB) plans to neutralize its ecological footprint in close cooperation with WWF Hungary. Last year, the Bank successfully started compensating carbon-dioxide emissions at its international green conferences, by providing funds for forest restoration at Pápateszér. The MNB expects to fully neutralise the carbon-dioxide emission arising from its operation from 2021 […]
The National Bank of Hungary (MNB) has published a study and discussion paper focusing on the challenges and opportunities for the financing of the Hungarian renewable energy sector. According to a statement by the bank, MNB's newly introduced preferential capital requirements for green corporate financing may also help the development of this sector. The national […]
In November 2020, annual inflation stood at 2.7% and core inflation at 3.9%. Core inflation adjusted for the effects of indirect taxes, was 3.3%. Inflation fell by 0.3 percentage points relative to the previous month, primarily reflecting a decline in fuel and regulated product prices. The National Bank of Hungary (MNB) says its measures of […]
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 honor the 125th anniversary of the Hungarian Olympic Committee’s foundation. MNB says the special silver collector coin with a gold-coated edge and its non-ferrous metal version pay homage […]
House prices fell by 5.6% in the second quarter of the Hungarian capital. Consequently, prices fell by some 2.5% compared to a year earlier, the National Bank of Hungary (MNB) reports. According to the latest MNB house price index data, house prices in Budapest declined year on year in nominal terms, which has been unprecedented […]
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 honor the Constitutional Court of Hungary and the 30th anniversary of its establishment. The Constitutional Court was one of the crucial institutions of the democratic political transition in […]
At an international online conference organised jointly by the National Bank of Hungary (MNB) and the European Bank for Reconstruction and Development (EBRD), presentations and discussions focused on the assessment and quantification of the adverse economic effects of climate change, the funding of renewable energy production and energy efficiency investments to achieve a green recovery […]
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 […]
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 […]
