News in Brief
NBH raises base rate by 100 basis points
Central bank (NBH) rate-setters raised the base rate by 100 basis points to 10.75 percent at a policy meeting on Tuesday.
National Bank of Hungary
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News in Brief
Matolcsy: NBH handled 2020 crisis successfully
The NBH governor said that to eliminate the “last vestiges of the crisis”, Hungary will have to focus on competitiveness.
News in Brief
Central Bank raises base rate to 1.65 percent
The council also decided on Tuesday to raise the O/N deposit rate by 15bp to 0.70 percent and the O/N and one-week collateralized loan rates by 15bp to 2.6 percent.
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Hungarian rate-setters raise central bank’s base rate by 30 BPS
They also changed the interest rate corridor to between minus 0.25 and 2.15 percent.
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NBH governor: Investment growth, job creation and cheap credit are necessary for Hungary’s economic recovery
NBH governor has said investment growth, job creation and cheap credit will be necessary for Hungary’s economic recovery from the coronavirus crisis.
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Hungarian rate-setters keep central bank’s base rate on hold
The Council said it “supports price stability, the preservation of financial stability and the recovery of economic growth in a sustainable manner”.
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Hungary ranks 19th in NBH’s latest EU competitiveness report
In the NBH’s latest competitiveness report, Hungary’s score of 47.4 points on a scale of 0-100 is slightly higher than the average score of the other three Visegrad Group countries.
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NBH governor outlines 12 reforms to preserve Hungary's success
National Bank of Hungary (NBH) governor György Matolcsy has outlined 12 reforms he said would be necessary to preserve and increase Hungary’s success in the coming decade.
News in Brief
NBH cuts base rate to 0.75 percent
The Council referred to the rate cut as a “fine-tuning measure” that “supports the maintenance of price stability and the recovery of economic growth”.
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NBH Governor: Some member states' position on next EU budget is “unfair” and “wrong”
Significant progress has been made in the region over the past 15 years, but local infrastructure is still not on par with that in the West. At the same time, western European companies have staked out local markets.
News in Brief
National Bank of Hungary leaves base rate on hold
NBH has left the base rate unchanged at 0.90 percent at a meeting held on Tuesday.
News in Brief
Central bank leaves base rate on hold
The National Bank of Hungary has left the base rate unchanged at 0.90 percent at a meeting held on Tuesday.
News in Brief
NBH leaves base rate on hold
The NBH has left the central bank base rate and overnight deposit rate unchanged at 0.90 percent and -0.05 percent, respectively.