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 […]
The National Bank of Hungary (MNB) continues its successful series of collector coins featuring Hungarian national parks. In honor of the Aggtelek National Park, which is celebrating its 40th anniversary this year, the Bank has issued a silver collector coin with a face value of HUF 20,000 and its non-ferrous metal version with a face […]
At its April 8 meeting, the Monetary Council of the Hungarian National Bank (MNB) reviewed the latest international trade policy actions and their potential consequences. The Monetary Council concluded that uncertainty in the global economy and financial markets has increased substantially in recent days. Investor risk aversion is widespread, and both recessionary and inflationary risks […]
In March 2025, consumer prices rose by 4.7% in annual terms. Compared to February, the annual price increase rate decelerated by 0.9 percentage points. Core inflation fell by percentage points and stood at 5.7%. Core inflation excluding indirect tax effects fell to 5.4%, the National Bank of Hungary (MNB) says on its website. On a […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and – in line with its stability-oriented approach – left the base rate unchanged at 6.50% with effect from March 26, 2025. The O/N deposit rate and the O/N lending rate also remained […]
The new leadership of the National Bank of Hungary (MNB) is committed to reducing inflation, and its primary goal is to achieve and maintain price stability, the new governor of the central bank, Mihály Varga said at the opening conference of the Hungarian Chamber of Commerce and Industry in Budapest. According to statement by MNB, […]
We are pursuing a consistent and disciplined monetary policy, strengthening credibility and confidence. That is according to former finance minister Mihály Varga Mihály who officially took up his post as Governor of the National Bank of Hungary (MNB) after receiving his letter of appointment from President Tamás Sulyok on Monday. He was quoted in an […]
At the February meeting of the Monetary Council of the National Bank of Hungary (MNB), the members of the Monetary Council unanimously decided to keep the interest rate at its current level for a longer period of time, according to the Deputy Governor of the MNB, Barnabás Virág. At the press conference following Tuesday's interest […]
Based on the responses in in the latest quarterly Bank Sentiment Survey by the National Bank of Hungary (MNB), the banking system perceived a slight deterioration in the economic environment in 2024 H2. According to the banks, the tightening of the regulatory environment, the increase in operating expenses, the decrease in the level of profitability […]
At its meeting on January 28, 2025, 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 with effect from January 29, 2025, MNB said in a statement. According to the communiqué, the primary objective of the National […]
