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 […]
General government consolidated gross debt at nominal value was 76.0% of GDP, amounting to HUF 63,981 billion, at the end of 2025 Q2, according to data published by the National Bank of Hungary (MNB). At the beginning of the year, the national debt stood at HUF 59,875.7 billion, which was 73.5% of the gross domestic […]
The National Bank of Hungary (MNB) is issueing collector coins named 'Therese Brunsvik', to commemorate the 250th anniversary of the birth of the founder of the first Hungarian kindergartens. The collector coins with a face value of HUF 20,000 and non-ferrous metal version with a face value of HUF 3,000 are available for purchase from […]
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 audit of the National Bank of Hungary's (MNB) gold reserves has been completed; the 94.73 tons of gold reserves stored in Hungary are in perfect condition, the MNB announced on its Facebook page on Thursday. According to the announcement, central bank governor Mihály Varga, ordered the audit of the gold reserves after taking office, […]
The National Bank of Hungary (MNB) is issuing collector coins named ‘Szent László király’ (Ladislaus I of Hungary) with a face value of HUF 500,000, in one ounce of fine gold; HUF 20,000 in one ounce of fine silver and a non-ferrous metal version with a face value of HUF 3,000 as part of the […]
In May 2025, inflation rose to 4.4%, while core inflation fell to 4.8%. In the short term, partly mandatory, partly voluntary price restriction measures have a strong diminishing effect on inflation. At the same time, strong repricings can be observed in the pricing behaviors of companies, the National Bank of Hungary (MNB) reports on its […]
On an annual basis, Hungarian GDP stagnated in the first quarter of 2025 according to raw data, the National Bank of Hungary (MNB) says in its quarterly report published this Wednesday. From the monthly indicators, industrial production stagnated, construction output declined by 3.4% and retail sales rose by 0.4% on an annual basis in March. […]
The Magyar Nemzeti Bank is issuing a silver collector coin with a face value of HUF 20,000 and a non-ferrous metal version with a face value of HUF 3,000 named ‘Apáczai Csere János’, to mark the 400th anniversary of the birth of the first Hungarian encyclopaedist and pioneer of the dissemination of scientific knowledge in […]
The Hungarian banking system is still characterised by high profitability, abundant liquidity and a strong capital position, and consequently the sector’s shock resilience remains outstanding. Banks’ lending capacity is abundant, and no general credit supply constraints can be identified. In the past period, credit risks did not rise despite the prolonged dynamization of the real […]
From the second quarter of 2024, the increase in primary yield came to an end in all segments of the commercial real estate market; however, in the second half of the year the slow growth of GDP failed to provide a significant boost to market activity, Hungary's central bank says in its latest domestic commercial […]
At its meeting on April 29, 2025, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to leave unchanged the central bank interest rates (base rate at 6.50% and the overnight deőposit rate at 7.50%) with effect from April 30, 2025. The National Bank of […]
The National Bank of Hungary (MNB) said in a report published on Thursday that the commercial real estate market may be on the verge of recovery, having moved from a multi-year low in both domestic and regional data last year. Speaking at a press conference in Budapest on the state of the commercial real estate […]
