The National Bank of Hungary (MNB) issued a commemorative coin for the 175th anniversary of the establishment of the Hungarian Chamber of Commerce and Industry (MKIK) on Wednesday. Central bank governor Mihaly Varga acknowledged the important role MKIK plays fostering ties between business sectors and said the commemorative coin signalled commitment to professional solidarity among […]
Home prices in Hungary rose 23.5% year-on-year in 2025, climbing at the fastest pace in the past 25 years, the National Bank of Hungary (MNB) highlighted in a report published on Wednesday. In real terms, home prices increased 19.0% last year. In the fourth quarter of 2025, home prices were 22.5% higher than the level […]
Meeting the criteria necessary for joining the eurozone is in Hungary's interest, but adopting the common currency should not be seen as "an end in itself," Mihály Varga, the governor of the National Bank of Hungary (MNB), said at a conference in Budapest. Opening the 11th Lámfalussy Conference, Mihály Varga said the time for Hungary […]
General government consolidated gross debt at nominal value was 77,9% of GDP, amounting to HUF 69,012 billion, at the end of 2026 Q1. According to preliminary financial accounts data, general government net lending was equal to -5.6% (HUF -4,964 billion) of Hungary’s GDP in the four quarters to 2026 Q1. General government net lending amounted […]
Hungary's current account had a EUR 715 million surplus in March, widening from a EUR 125 million surplus in the previous month, preliminary monthly data released by the National Bank of Hungary (NBH) on Friday show. The trade surplus reached EUR 1.073 billion, as the balances for both trade in goods and services showed surpluses […]
Hungary's banking system is capable of boosting its lending to HUF 40,000 billion, National Bank of Hungary (NBH) governor Mihály Varga said at a conference organized by business news portal Portfolio on Tuesday. Local banks' liquidity position is stable and their lending capacity is sufficient, Varga told the conference on lending. The latest data from […]
Conflicting trends are emerging among the world’s central banks. Several countries are rapidly increasing their gold reserves, while others are forced to sell. Geopolitical risks, pressure in the foreign exchange market and deliberate reserve management decisions are driving this process. Hungary's gold reserves lost a lot of value very quickly. In 2026, emerging economies in […]
The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 6.25% after reviewing the latest economic and financial developments. The O/N deposit rate and the O/N lending rate also remained unchanged, at 5.25% and 7.25%, respectively. The central bank will continue to ensure positive real interest rates in order […]
Hungary's commercial property market is past its cyclical low point, but weak economic growth is holding back a recovery and geopolitical uncertainty is weighing on outlooks, the National Bank of Hungary (MNB) said in a report on the market released on Tuesday. The report augurs an increase in the vacancy rates on the office and […]
International reserves of the National Bank of Hungary (MNB) stood at EUR 58.732 billion at the end of March, down EUR 1.132 billion from a month earlier, data released by the central bank show. Stock of cash, deposits and securities in the reserves rose by EUR 2.824 billion to EUR 40.693 billion, while stock of […]
András Kármán, the election-winning Tisza Party's expert on budget and tax policy, met National Bank of Hungary Governor Mihály Varga, at the latter's invitation. András Kármán said on Facebook that the parties agreed that the financial markets reacted favorably to Tisza's election win, but added that developments in Iran and the resulting energy price hikes […]
According to the monthly balance of payments data released by the National Bank of Hungary (MNB) on Monday, the country’s balance of payments with foreign countries turned positive in February. The combined balance of the current account and the capital account turned to a surplus of EUR 317 million in February, according to preliminary data, […]
According to data from the first quarter of 2026 household savings survey by the National Bank of Hungary (MNB), both households’ perception of inflation and their inflation expectations have declined significantly. A large proportion of households plan to save in the coming year. The latest round of the central bank’s quarterly data collection program was […]
As a result of the war in the Middle East and the resulting surge in energy prices, the National Bank of Hungary (MNB) has significantly revised downward its outlook for the Hungarian economy. According to the latest forecasts, GDP growth will be much lower than previously expected, while inflation will accelerate noticeably. MNB projects that […]
The National Bank of Hungary (MNB) says it remains committed to actively participating in international cooperation initiatives that support the European integration of institutions in the Western Balkans in the long term. An MNB statement says the third phase of the European Union (EU) -funded technical assistance program, entitled 'Strengthening the Central Bank Capacities in […]
