Tag "MNB"

MNB: progress in two thirds of the proposals of the Competitiveness Program

Progress was made in two-thirds of the 330 proposals set out in the central bank’s Competitiveness Program. The program was 34 percent full by November, compared to the 22 percent...

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MNB: 3.5 percent increase in households’ monetary assets

Households’ net financial savings increased by 432 billion HUF, or 3.5 percent of GDP, in the third quarter. Financial assets increased by 719 billion HUF and liabilities by 287 billion...

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MNB: PIN code-free touch card payments next year of 15,000 HUF limit may remain next year

The value limit for contact card payments without a PIN code of 15,000 HUF may remain the same next year, as card companies and financial institutions also support maintaining the...

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Consumer solvency improves, a W-shaped recovery might follow

Households continued to strengthen their financial situation at the beginning of the 3rd quarter, but by the end of the 3-month period the Intrum Solvency Index (IFI) dropped again: its...

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Mobile payment set new records in Hungary

Mobile payments in Hungary set new records. The number of mobile wallet transactions almost tripled between September 2019 and September 2020, according to Mastercard. According to a statement sent to...

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According to the company managers, the Hungarian economy may be cash-free in the foreseeable future

The financial digitization was significantly accelerated by the coronavirus pandemic in Hungary, and according to the company executives interviewed by Intrum, the cash-free economy is also within reach. However, the...

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The MNB’s 50-point package of proposals has been published

On the website of the Magyar Nemzeti Bank (MNB), a 50-point package of proposals was published on Tuesday to support the government’s crisis management and economic recovery work in the...

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MNB: annual inflation may drop to 3 percent in 2022

According to the latest Inflation Report of the Magyar Nemzeti Bank (MNB), the annual inflation rate may fall to 3% in 2022, and may slightly exceed 3.5% this year and...

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Magazine: The world has turned upside down: How has the pandemic affected consumer behaviour?

The impact of the coronavirus pandemic has been different on different types of retailers. Obviously the operators of physical stores suffered a drastic sales loss, while those with an online...

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Hungary ranks 19th among EU countries in the MNB’s competitiveness ranking

Hungary finished 19th among the countries of the European Union in the competitiveness ranking of the Magyar Nemzeti Bank (MNB) with 47.4 points, which is slightly higher than the average...

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