At its meeting on 25 July 2023, 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 base rate at 13% with effect from July 26, 2023. MNB’s primary objective is to achieve and maintain price stability. Without prejudice to […]

The National Bank of Hungary (MNB) will offset its annual carbon footprint in Drávaszentes, in the area of the Danube-Drava National Park in southern Hungary, with large-scale afforestation and grassland reconstruction, again in close cooperation with WWF Hungary, thus neutralizing its carbon emissions. The central bank says in a statement that it first offset the […]

The Panorama Terrace of the Money Museum in Budapest attracted 10,000 visitors in the first month after its opening, the museum told MTI on Thursday. According to the statement, the exceptionally high number of visitors was also helped by the audience of the Night of Museums, when about 3,000 visitors were welcomed. As they recall, […]

The business sentiment index regularly measured by the National Bank of Hungary (MNB) rose to -8 points from -10 in the previous month, the institution has reported on its website. The current situation index rose from -28 to -23 points in May, while expectations fell from +9 to +7 points, the lowest in 5 months. […]

The National Bank of Hungary (MNB) is announcing the Green Financial Science Talent Award, the International Green Financial Science Lifetime Achievement Award and the Green Financial Science Research Initiative for the third time, the central bank told MTI on Tuesday. The call was launched to promote environmental sustainability and recognize outstanding green finance research achievements. […]

Barnabás Virág, Vice President of the National Bank of Hungary (MNB), spoke about the 4+1 factors determining the inflation process in Hungary in a podcast of the Hungarian Competition and Financial Markets Authority, infostart.hu reports. The world has been going through a serious inflationary wave since 2021, the vice-president of the National Bank of Hungary […]

Electronic payments infrastructure further expanded in 2023 Q1. In addition to the more than 50,000 new accounts, the number of cards in active use also increased. On the acceptance side, the number of acceptance points both in the physical and online space increased by 4-5% in a quarter, the National Bank of Hungary (MNB) reports. […]

The analysis and development of the innovation ecosystem and the development of a competitive and productive business ecosystem are essential for Hungary's successful and sustainable economic catch-up, András Balatoni, Director of the Economic Forecasting and Analysis Directorate of the National Bank of Hungary (MNB), said at the launch of the Growth Report 2023 on Wednesday. […]

Both the number of sales and the volume of lending in the real estate market declined in the first quarter of this year, and this low market activity is also affecting the supply side of the housing market, Sándor Winkler, head of the National Bank of Hungary (MNB), said at an online press conference. Based […]

To commemorate the 50th anniversary of the establishment of the first national park in Hungary, the National Bank of Hungary (MNB) issues a silver collector coin of HUF 15,000 and its non-ferrous metal version with a face value of HUF 3,000 on the occasion of Earth Day. The special rectangular commemorative coins are part of […]

To honor the 200th anniversary of the birth of the great 19th century Hungarian poet, Sándor Petőfi, the National Bank of Hungary (MNB) has issued a special large silver collector coin of HUF 30,000 forints and its HUF 7,500-forint non-ferrous metal version, along with a HUF 200 commemorative circulation coin. At a ceremony held this […]

The Monetary Council of the National Bank of Hungary (MNB) kept the base rate at 13% at its meeting this Tuesday, arguing that the current level of the base rate is adequate to manage fundamental inflation risks. The O/N deposit rate and the O/N collateralised borrowing rate were left unchanged at 12.5% and 25%, respectively. […]

The National Bank of Hungary (MNB) continues the collector coin series presenting Wolf Prize-winning mathematicians of Hungarian origin and their work, launched in 2022. This year, two collector coins are scheduled to be issued on March 24, 2023, one in honor of Pál Erdős, who was awarded the Wolf Prize 40 years ago, and his […]

The number of retail payment accounts continued to grow, and the number of actively used payment cards and payment cards registered in mobile wallet applications is also increasing as a result of digitalization, according to a report by the National Bank of Hungary. The number and value of purchase transactions conducted with cards registered in […]

The Business Climate Index of the National Bank of Hungary (MNB) improved to minus 5 points in December from minus 7 points in November, but remained in the negative range indicating a negative business climate, the central bank has said on its website . Contributing to the rise in the index was a reduction in […]