In the third quarter of 2025, the amount of loans granted to Hungarian households exceeded the amount of repayments. The amount of loans to households amounted to HUF 12,324 billion in gross book value, indicating a rise of 3.0 per cent from the previous quarter. The share of the stock of loans more than 90 […]
National Bank of Hungary (MNB) governor Mihaly Varga announced the loan of 1,422 contemporary works of art to 30 museums nationwide at a press conference in Budapest on Friday. "The central bank's new management believes the place of art is not in offices or warehouses, but museums," Varga said. He added that the works would […]
The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at 6.50% at a monthly policy meeting on Tuesday. The Council also left the O/N deposit rate at 5.50% and the O/N collateralised loan rate at 7.50%. The rates mark the ends of the central bank's […]
The Hungarian banking sector's stability indicators remain favourable, the sector is characterised by high shock absorbing capability, while risks are increasing in the real estate markets, the National Bank of Hungary (MNB) says in its report published this Tuesday. Presenting the latest biannual Financial Stability Report, Ádám Banai, a managing director at the central bank, […]
The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at 6.50% at a monthly policy meeting on Tuesday. The Council also left the O/N deposit rate at 5.50% and the O/N collateralised loan rate at 7.50%. The rates mark the ends of the central bank's […]
National Bank of Hungary (MNB) governor Mihály Varga has signed a partnership agreement with his counterpart from the Bank of Korea during a visit to Basel, the MNB told MTI on Monday. The agreement creates opportunities for knowledge sharing and joint research between central banks, primarily in the field of digital financial innovations, the MNB […]
National Bank of Hungary (MNB) governor Mihály Varga underscored the impact cooperation and exchanges of experience between central banks could have on economic stability in the region at the 7th joint conference of the Hungarian and Polish central banks in Warsaw. In a statement issued by MNB on Friday, Varga acknowledged the results achieved in […]
The National Bank of Hungary (MNB) is issuing a silver collector coin with a face value of HUF 20,000 and its non-ferrous metal version of HUF 3,000 on the 200th anniversary of the founding of the Hungarian Academy of Sciences. In addition to the collector coins, the MNB is issuing one million copies of a […]
The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at 6.50% at a monthly policy meeting on Tuesday. The Council also left the O/N deposit rate at 5.50% and the O/N collateralised loan rate at 7.50%. The rates mark the ends of the central bank's […]
The National Bank of Hungary (MNB) is issuing a non-ferrous metal collector coin with a face value of 3,000 forints named ‘Kuvasz’ on October 4, 2025, on World Animal Day. It is the sixth in the series of Hungarian shepherd and hunting dog breeds launched in 2019. In 2004, all autochthonous dog breeds, including the […]
Premiums of the insurance sector will likely exceed HUF 2,000 billion this year, Koppány Nagy, the National Bank of Hungary’s (MNB) director for insurance, said at conference of the the Hungarian Association of Independent Insurance Brokers (FBAMSZ) in Esztergom (N Hungary) on Tuesday. Premiums in the first half of the year reached HUF 1,047 billion, […]
At its meeting on this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change the central bank interest rates, leaving its base rate at 6.5%. According to the press release after the meeting, the primary objective of the National Bank of […]
The new leadership of the National Bank of Hungary (MNB) aims to cooperate with economic and financial market actors to promote sustainable economic development. That is according to MNB Governor Mihály Varga, speaking after the conclusion of a cooperation agreement with Dr László Nagy, President of the Supervisory Authority for Regulatory Affairs of Hungary (SARA). […]
The Monetary Council of the National Bank of Hungary (MNB) left the central bank base rate unchanged at 6.50% at its meeting this Tuesday. In a statement on its website, MNB says that its primary objective is to achieve and maintain price stability. Without prejudice to its primary objective, the Magyar Nemzeti Bank preserves financial […]
On August 21, the National Bank of Hungary (MNB) issued a special, non-ferrous metal hexagonal collector coin named 'The Former Headquarters of the Red Cross Association' as the 4th element of the coin series presenting the achievements of the National Hauszmann Program. One of the most notable achievements of the National Hauszmann Program to date […]
