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 […]
The National Bank of Hungary (MNB) is focusing its retail campaign on financial health to help households create a more stable financial situation for themselves, the bank told MTI on Wednesday. Financial health does not depend solely on the financial situation, planning, developing money management habits and exploiting savings opportunities can all help, the ministry […]
At its meeting on 19 November 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided on leaving unchanged the central bank interest rate at 6.50% with effect from November 20, 2024. According to a statement by the Monetary Council, the primary objective of the […]
The Supervisory Center and Money Museum of the National Bank of Hungary (MNB) hosted a ceremony to mark the 75th anniversary of the establishment of diplomatic relations between Hungary and the People's Republic of China. The event included the presentation of a diplomatic medal issued by the MNB to mark the anniversary and the presentation […]
As expected, the Monetary Council of the National Bank of Hungary (MNB) left its policy rate unchanged at its meeting this Tuesday. In the explanatory statement, the central bank stresses the importance of caution in view of deteriorating external developments. The press statement released after the meeting points out that MNB’s primary objective is to […]
The National Bank of Hungary (MNB) has re-launched its financial awareness campaign "Small things go a long way,” which encourages retail customers to achieve greater financial security by rethinking their everyday financial habits and training their savings, MNB told MTI on Monday. According to the statement, "money-sucking" items can be hidden in people's everyday spending, […]
Hungary's gold reserves have increased from 94.5 tons to a record 110 tons, taking into account long-term national and economic strategic goals, the National Bank of Hungary (MNB) told MTI on Monday. The increase in the gold reserve was justified by the fact that the precious metal has appreciated due to global economic, geopolitical and […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut the central bank's base rate by 25 basis points to 6.5%, lowering the two edges of the interest rate corridor by the same amount with effect from September 25, […]
This morning, many passers-by noticed that a figure with an umbrella is standing with playful ease on the façade of the Széll Kálmán tér building that houses the MNB's Supervisory Center and the Money Museum in Budapest. The special attraction created on the occasion of the 100th anniversary of the Magyar Nemzeti Bank is not […]
This Monday, on the 100th anniversary of the founding of the National Bank of Hungary (MNB), the Hungarian Post Office (Magyar Posta) issued an occasional stamp to commemorate the centenary of the Bank. One hundred years ago, on June 24, 1924, the independent Hungarian National Bank started its operations under the leadership of President Sándor […]
