Tag "MNB"

The MNB expects modest GDP growth this year

According to the central bank’s forecast, gross domestic product (GDP) may grow at a modest pace in 2020, between 0.3 and 2.0 percent, GDP growth next year will be 3.8-5.1...

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MNB: turnover with bank cards increased significantly in the first quarter

In the first quarter, the domestic turnover of bank cards increased by 13 percent in number and by 23 percent in value compared to the same period of the previous...

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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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Matolcsy We took a new direction in 2020

According to the CEO of the central bank, 2020 can be considered a turning point – hvg.hu wrote. “In 1956, the Hungarian Revolution halted Soviet dictatorships in Europe for a...

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MNB: households also became richer in the first quarter

Households’ financial assets increased by 514 billion HUF in the first quarter of this year, which is the most modest amount since the 418 billion HUF in the third quarter...

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Retail debt continued to grow

According to the MNB’s data, the coronavirus did not discourage borrowing, as the loan portfolio of both households and companies expanded – Privátbankár.hu wrote. Somewhat surprisingly, the retail loan portfolio...

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MNB: wide-ranging, innovative opportunities in green economic recovery

There are wide-ranging opportunities for an environmentally sustainable restart of the economy following the pandemic situation due to the coronavirus, according to the proposals received at the Hungarian National Bank’s...

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MNB: only solution is lending now

The only rational solution on the part of banks in the current epidemic situation is lending, Nagy Márton, Vice President of the Magyar Nemzeti Bank (MNB) said at the Portfolio’s...

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Go For It Growth Loan Program

The nhp hajrá (Go For It Growth Loan Program) for micro, small and medium-sized enterprises will be available from Monday – 24.hu wrote. The 1,500 billion HUF fixed-rate funds available...

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MNB: inflation may stabilize around 3 percent

Inflation may fall below 3 percent this year and stabilize at around 3 percent over the longer term – the head of the Economic Forecast and Analysis Directorate said at...

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