nationalbankofhungary - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Fri, 06 Nov 2026 16:37:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png nationalbankofhungary - Diplomacy & Trade https://dteurope.com 32 32 MNB International Reserves Edge Up to EUR 62.2 Bn https://dteurope.com/economy/mnb-international-reserves-edge-up-to-eur-62-2-bn/ Fri, 06 Nov 2026 09:30:00 +0000 https://dteurope.com/?p=82073 International reserves of the National Bank of Hungary (MNB) stood at EUR 62.217 billion at the end of October, up EUR 156 million from a month earlier, preliminary data released by the central bank on Friday show. Stock of cash, deposits and securities in the reserves rose by EUR 501m to EUR 46.025 billion, while […]

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]]> Moderate House Price Growth in All Types of Settlements https://dteurope.com/news/real-estate/moderate-house-price-growth-in-all-types-of-settlements/ Tue, 27 Oct 2026 08:49:00 +0000 https://dteurope.com/?p=81962 According to the latest MNB House Price Index figures, the annual rate of house price growth moderated across all types of settlements in 2026 Q3, the National Bank of Hungary (MNB) reports on its website. In Budapest, following a decrease of 0.8% in the second quarter, house prices rose by 1.9% in the third quarter, […]

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]]> Cautious, Data-Driven Monetary Policy https://dteurope.com/economy/cautious-data-driven-monetary-policy/ Fri, 23 Oct 2026 04:44:21 +0000 https://dteurope.com/?p=81917 The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate on hold at 5.50% at a monthly policy meeting this week. According to an analyst, the central bank continues to pursue a cautious, data-driven monetary policy, which is currently resulting in a wait-and-see approach. In a statement […]

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]]> Commemorative Coin for 70th Anniversary of 1956 Revolution https://dteurope.com/news/commemorative-coin-for-70th-anniversary-of-1956-revolution/ Tue, 20 Oct 2026 17:43:00 +0000 https://dteurope.com/?p=81890 The National Bank of Hungary (MNB) is issuing this Thursday a silver commemorative coin with a face value of HUF 20,000 (EUR 55) marking the 70th anniversary of the 1956 revolution and freedom fight, the central bank governor said in a decree published in Tuesday's issue of the official gazette Magyar Közlöny. The commemorative coin […]

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]]> Economic Stability by Cautious, Data-Driven Monetary Policy https://dteurope.com/economy/economic-stability-by-cautious-data-driven-monetary-policy/ Fri, 16 Oct 2026 11:33:00 +0000 https://dteurope.com/?p=81866 “In the uncertain economic environment, Europe must pursue a cautious macroeconomic policy, while at the same time strengthening its competitiveness by fostering innovation,” National Bank of Hungary (MNB) Governor Mihály Varga stated at the IMF’s annual meeting, MNB says on its website. He underlined that Hungary’s economic outlook had improved significantly in the recent period, […]

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]]> Experts Welcome Lower-than-Expected Inflation Figure https://dteurope.com/economy/experts-welcome-lower-than-expected-inflation-figure/ Fri, 09 Oct 2026 03:52:00 +0000 https://dteurope.com/?p=81780 Hungary's annualized consumer price index (CPI)rose to 1.6% in September from 1.3% in the previous month. The figure was a pleasant surprise for analysts who had expected 1.8%. In the inflation data, the rise in fuel prices was offset by a further decline in food prices – rather than the expected increase – and a […]

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]]> MNB International Reserves Slip in September https://dteurope.com/economy/mnb-international-reserves-slip-in-september/ Wed, 07 Oct 2026 11:27:23 +0000 https://dteurope.com/?p=81765 International reserves of the National Bank of Hungary (MNB) stood at EUR 62.061 billion at the end of September, down EUR 1.441 billion from a month earlier, data released by the central bank on Wednesday show. Stock of cash, deposits and securities in the reserves slipped EUR 270 million to EUR 45.524 billion, while stock […]

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]]> MNB Official: Hungarian Euro Possibly as Early as in 2032 https://dteurope.com/economy/mnb-official-hungarian-euro-as-early-as-in-2032/ Sun, 27 Sep 2026 07:04:00 +0000 https://dteurope.com/?p=81672 National Bank of Hungary (MNB) vice president responsible for monetary policy, financial stability, and foreign exchange reserve management, Zoltán Kurali told the Reuters news agency that the Tisza government’s promise to meet the conditions for adopting the euro by 2030 means that Hungary could join the exchange rate mechanism (ERM-2), the euro’s “waiting room” by […]

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]]> An Important Step towards the Euro Zone https://dteurope.com/economy/an-important-step-towards-the-euro-zone/ Fri, 25 Sep 2026 05:17:15 +0000 https://dteurope.com/?p=81644 At its September meeting, the Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.50%, marking the first time it has kept the benchmark rate steady following the interest rate cuts over the summer. The central bank announced that, effective January 1, 2028, it will lower its inflation target […]

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]]> Nearly 3 Bn Electronic Payment Transactions in 2025 https://dteurope.com/economy/nearly-3-bn-electronic-payment-transactions-in-2025/ Mon, 21 Sep 2026 14:12:21 +0000 https://dteurope.com/?p=81606 Last year, nearly three billion electronic payment transactions were carried out in Hungary, up from 2.5 billion the previous year, while the proportion of users of electronic payment solutions and businesses accepting such transactions is also steadily rising. That is according to Miklós Luspay, Director of the Financial Infrastructures and Payment Systems Directorate at the […]

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]]> Euro Adoption with Disciplined, Coordinated Strategy https://dteurope.com/economy/euro-adoption-with-disciplined-coordinated-strategy/ Sun, 13 Sep 2026 08:56:00 +0000 https://dteurope.com/?p=81517 “Euro adoption must be carried out in such a way that it yields more benefits than risks for Hungary’s economy,” according to National Bank of Hungary (MNB) Governor Mihály Varga, speaking at the 64th Itinerant Congress of Economists this week. He underlined that it was necessary to adopt the euro in a manner that would […]

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]]> Banking Sector Profit Falls 22% in H1 https://dteurope.com/business/banking-sector-profit-falls-22-in-h1/ Mon, 07 Sep 2026 09:51:00 +0000 https://dteurope.com/?p=81473 First-half after-tax profit of Hungarian banks slipped 22% year-on-year to HUF 685 billion, data released by the National Bank of Hungary (MNB) on Monday show. Lenders' net interest income increased 7% to HUF 1,836 billion. Net revenue from commissions and fees edged down 3% to HUF 929 billion. Banks' return on equity reached 11.8%, falling […]

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]]> Voluntary Pension Fund Membership Growing https://dteurope.com/finance/voluntary-pension-fund-membership-growing/ Sat, 29 Aug 2026 08:55:00 +0000 https://dteurope.com/?p=81386 The number of voluntary pension fund members reached 1,088,800 in the second quarter of this year, inching up 1% from a year earlier, data released by the National Bank of Hungary (MNB) show. Voluntary pension funds closed the last four quarters with an increase of 12,500 members, meaning that the persistent negative trend of previous […]

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]]> Policy Makers Cut Base Rate by 25bp to 5.50% https://dteurope.com/economy/policy-makers-cut-base-rate-by-25bp-to-5-50/ Tue, 25 Aug 2026 13:46:00 +0000 https://dteurope.com/?p=81290 The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 5.50% 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 4.50% and the […]

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]]> Hungary State Debt Ratio Reaches 75.1% at End-Q2 https://dteurope.com/economy/hungary-state-debt-ratio-reaches-75-1-at-end-q2/ Wed, 19 Aug 2026 13:15:00 +0000 https://dteurope.com/?p=81214 Hungary's state debt relative to GDP reached 75.1% at the end of the second quarter, preliminary data released by the National Bank of Hungary (MNB) show. The state debt ratio rose from 74.6% at the end of 2025. In absolute terms, Hungary's state debt stood at HUF 67,815 billion at the end of Q2, up […]

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