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 […]
Members of the Monetary Council of the National Bank of Hungary (MNB), MTI quotes the minutes from a monthly policy meeting in January. "Certain Council members highlighted that with declining inflation, rising real interest rates increased the room for manoeuvre for monetary policy," the minutes of the meeting on January 27 said. "They also agreed […]
The value of financial fraud in Hungary is on the decline, but still high, at around HUF 5 billion per quarter, Lajos Bartha, a managing director at the National Bank of Hungary (NBH) said at a conference in Budapest, MTI reports. The managing director told the Financial Fraud Summit 2026 that the value of fraudulent […]
Consumer prices rose by 3.3% year-on-year in December 2025. Relative to the 3.8% observed in November, the annual growth rate of prices fell by 0.5 percentage points, the National Bank of Hungary says on it website Standing at 3.8%, core inflation fell by 0.3 percentage point. Core inflation excluding indirect tax effects fell to 3.6%. […]
“The performance of the Hungarian stock market set a number of new records in 2025, which says a great deal about the state of the Hungarian economy,” according to Governor of the National Bank of Hungary (MNB) Mihály Varga, speaking at the start-of-the-year press conference held at the Budapest Stock Exchange. He added that last […]
