News in Brief
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.
Hungarian National Bank
H
News in Brief
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.
News in Brief
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.
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Hungarian Central Bank increases both economic growth and inflation forecast
The Central Bank has increased its 2019 inflation forecast from 2.9 to 3.1 percent and its GDP growth forecast from 3.5 to 3.8 percent
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New 500 forint banknote enters circulation today
The old 500 forint bills will be withdrawn from circulation on November 1st, 2019
News in Brief
MNB keeps central bank’s base rate on hold at 0.90 percent
The National Bank of Hungary’s Monetary Council has announced that it will keep the central bank’s base rate on hold at 0.90 percent at a monthly policy meeting held on Tuesday
News in Brief
National Bank of Hungary figures show house prices continue to rise at phenomenal rate
Official figures recorded in Budapest show a price increase of 23.5 percent nominally and by 19.2 percent in real terms, above the national average in both cases
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Hungary's foreign debt at record low
The latest third quarter 2018 MNB foreign payments balance indicates that Hungary's foreign financing capacity was 3.4 percent of GDP, while its current account balance had a 1.9 percent surplus
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NBH says Hungary could see economic growth peak at 4.7 percent in 2018
The National Bank of Hungary has said that its quarterly Inflation Report due on Thursday could see economic growth peak at 4.7 percent in 2018, higher than the 4.4 percent forecast predicted earlier
News in Brief
Hungary’s gold reserves increase from 3.1 tons to 31.5 tons in October 2018
Reports suggest that the 31.5 tons of gold reserves, worth USD 1.24 billion at the current market rate, is a record for the amount of gold held by Hungary