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 […]
Consumer prices in Hungary rose by 1.4% year-on-year in February 2026, according to a new flash analysis by the National Bank of Hungary (MNB) of inflation development. Relative to the 2.1% observed in January, the annual growth rate of prices was down by 0.7 percentage points. Core inflation decreased to 0.6 percentage points and stood […]
The National Bank of Hungary (MNB) has updated its guidelines for the integration of environmental, social and governance (ESG) risks into banks' regular risk management framework, the central bank and financial market watchdog said on Monday. In applying the updated recommendation, institutions must adapt their operations and decision-making processes to the changed regulatory environment. This […]
The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25bp to 6.25% at its policy meeting on Tuesday, MTI reports. The policy makers had not changed the key rate since September 2024. In a statement released after the meeting, the Council said that "favourable developments […]
The National Bank of Hungary (MNB) is supporting the green transition and the achievement of domestic climate goals through a new professional partnership, according to the central bank's website. The MNB has signed a cooperation agreement with the Hungarian Hydrogen Technology Association (MHTSZ). The main objective of the agreement is to assess the financing needs […]
The new management of the National Bank of Hungary (MNB) believes that art belongs in museums, which is why they decided to loan the MNB’s collection to 30 museums in Hungary, according to MNB Governor Mihály Varga. He spoke at the opening of the exhibition 'Dynamic Structures – From Bank Collections to Museums' in Debrecen […]
