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 […]
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 […]
