The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 5.75% at a monthly policy meeting on Tuesday. The Council also lowered the central bank's symmetric interest rate corridor by 25 basis points, bringing the O/N deposit rate to 4.75% and the […]
In May, the current account balance closed with a surplus of EUR 81 million, compared with a deficit of EUR 201 million in April, according to preliminary data released Tuesday by the National Bank of Hungary (MNB). The current account closed the first quarter with a surplus of EUR 251 million, compared with a surplus […]
Consumer prices in Hungary rose by 1.7% year-on-year in June 2026. Relative to the 1.8% observed in May, the annual growth rate of prices was down by 0.1 percentage point. Core inflation, and core inflation excluding indirect tax effects, remained unchanged at 2.0%, the National Bank of Hungary (MNB) states in its latest flash analysis […]
Hungary's current account had a EUR 251 million surplus in the first quarter of the year, compared to a EUR 353 million surplus in Q4 2025, and a EUR 1.177 billion surplus in Q1 2025, quarterly data released by the National Bank of Hungary (MNB), and reviewed by MTI, on Monday show. The trade surplus […]
In the first five months of the year the credit institution sector reported an after-tax profit of HUF 485 billion, down by 19% compared to the same period a year earlier, preliminary data released by the National Bank of Hungary (NBH) on Wednesday shows. Interest revenue was up 11% at HUF 2,733 billion while interest […]
The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 6.00% at a monthly policy meeting on Tuesday. As MTI reports, the Council also lowered the overnight deposit rate by 25 basis points to 5.00% and the O/N collateralized loan rate by […]
First-quarter revenue from premiums of Hungarian insurers inched up 0.5% year-on-year to HUF 572 billion, data released by the National Bank of Hungary (MNB), and reviewed by MTI, show. Revenue from premiums on life insurance policies decreased 8.5% to HUF 212 billion. Revenue from premiums on general insurance policies climbed 6.7% to HUF 360 billion. […]
The statutory objectives of the National Bank of Hungary (MNB) include, directly and indirectly, the support of environmental sustainability, the central bank said in a statement on the occasion of World Environment Day. The effects of climate change can spread through various transmission channels into the economic and financial system, affect inflation, foreign exchange reserve […]
The Hungarian banking system continued to be characterized by high profitability, ample liquidity and a strong capital position in 2025, the National Bank of Hungary (MNB) says in an analysis released this week. In the fresh biannual Financial Stability Report, the central bank and financial market regulator points out that the ratio of non-performing loans […]
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 […]
