News in Brief
New NBH governor signs first banknote
Mihály Varga said Hungarian banknotes combined progress with tradition and stability, while adopting all of the latest cash technologies.
Hungarian National Bank
H
News in Brief
NBH: Hungary’s FinTech sector continues to grow
The combined annual turnover of Hungarian FinTech companies was worth more than 220 billion in 2021
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NBH Governor: Economic policymaking “took a wrong turn” in 2021
The NBH governor, presenting the bank’s report on 2021 in parliament, said Hungary was at risk of letting down future generations, who may justifiably ask why policymaking “went astray”.
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Hungary's Central Bank leaves base rate on hold
The Council also decided to keep the central bank’s O/N deposit rate at 12.5% and the O/N collateralized loan rate at 25%.
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NBH partners with authorities to inform public about cybercrime
Attacks by digital criminals have become more frequent and target customers directly through psychological manipulation and scams.
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NBH: Fiscal and monetary policy will have to be coordinated to bring down inflation
Barnabás Virág said fiscal and monetary policy will have to be coordinated to bring down inflation, and the government should focus on the spending side to restore balance to the budget.
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Central bank rate-setters hike base rate to 2.40%
The National Bank of Hungary’s Monetary Council also raised both sides of the interest rate corridor by 30 basis points to 4.4 percent.
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Hungary's central bank raises base rate to 1.50 percent
The Council also decided on 30 basis point base rate hikes at policy meetings in June and July, amid spiking inflation.
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NBH Monetary Council raises base rate to 0.90 percent
The central bank base rate was raised by 30 basis points to 0.90 percent at a monthly policy meeting on Tuesday.
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National Bank of Hungary Governor: “We have had great success over the last seven years, but this does not save us from the danger of a new attack”
György Matolcsy, governor of the National Bank of Hungary (MNB), announced new monetary measures focused on supporting the protection of Hungary’s economy.
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Central Bank Governor: Hungarian economy must learn the fine art of overtaking on corners
The governor said growth rates are consistently 3 percent above the European Union average and Hungary has again taken the lead in the region from Poland.
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MNB governor calls for reform of the eurozone and a “rethink” of the Maastricht criteria
György Matolcsy has called on members of the European community to start a dialogue on reforming the eurozone.
News in Brief
Central Bank keeps base rate on hold at 0.90 percent
The Monetary Council of the National Bank of Hungary (NBH) has kept the central bank’s base rate at 0.90 percent and the O/N deposit rate at -0.05 percent at a monthly policy meeting on Tuesday.