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 […]
The National Bank of Hungary (MNB) was the first in the Central and Eastern European region to join CASI, an international organization that aims to ensure that there are enough experts in sustainable investments worldwide, the central bank told MTI on Friday. Launched in early December last year, the CASI initiative provides sustainable finance capacity […]
At its meeting on June 18, 2024, 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 7.00%, lowering the two ends of the interest rate corridor by the same amount with effect from […]
The Hungarian banking system remains stable and its resilience to shocks is strong, but after last year's outstanding profitability, its profits will decline in 2024, Bálint Dancsik, head of the National Bank of Hungary's (MNB) Financial Stability Report, said on Tuesday. Last year's outperformance in profitability was mainly due to the high interest rate environment […]
Hungarian banks have disbursed almost HUF 880 billion in loans through the Green Capital Requirement Relief Program of the National Bank of Hungary (MNB), according to the aggregate amount disbursed by the end of 2023. The head of MNB's Sustainable Finance Department, Norbert Holczinger said at a press event in Budapest on Wednesday said that […]
At its meeting on May 21, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut central bank interest rate by 50 basis points to 7.25%. The MNB says in a press statement that its primary objective is to achieve and maintain price […]
To honor the 100th anniversary of its foundation, the National Bank of Hungary ('Magyar Nemzeti Bank' - MNB) is issuing a 100-forint commemorative circulation coin at a ceremonial event. This anniversary also marks the foundation of the independent Hungarian financial system; therefore, the centenary is recorded by unique collector coins in addition to the circulation […]
Since its creation a hundred years ago, the National Bank of Hungary (MNB) has issued two types of currency in the form of banknotes and coins: the pengő, which has had a short but memorable life of just twenty years, and the forint, which is still in use today. Both have been repeatedly renewed, sometimes […]
A new temporary exhibition entitled Financial Century - 100 Years of the Magyar Nemzeti Bank (‘National Bank of Hungary’) opened on Friday at the bank’s Money Museum and Visitor Center in Budapest. According to a statement by the museum, the choice of date is not a coincidence, as the law establishing the National Bank of […]
The Monetary Council of the National Bank of Hungary (MNB) cut the key ECB interest rate by 50 basis points to 7.75%, and lowered the two edges of the interest rate corridor by the same amount at its interest rate decision meeting on Tuesday. At its most recent meeting in March, the board cut the […]
The significant gold reserve strengthens the stability of the country, the economy and the image of the financial system, István Veres, Director of the National Bank of Hungary (MNB), wrote in a professional article published by the MNB on Friday, drawing attention to the fact that MNB has multiplied its gold reserve ahead of the […]
