Tag "MNB"

MNB: credit dynamics were at the forefront of the EU last year

Despite the coronavirus pandemic, the credit market performed outstandingly last year, and Hungary is at the forefront of the EU in terms of both corporate and retail credit dynamics, an...

Read more

The MNB expects five percent economic growth

We can be optimistic about the recovery of the economy – this was also highlighted by last year’s gross domestic product (GDP) data – economic growth is expected to average...

Read more

MNB: clear progress in green finances last year

Despite the pandemic, there was clear progress in green finance last year, many banks are working to introduce green loans, and the Hungarian state has successfully issued green government securities,...

Read more

Analysts: base rate remained unchanged as expected

The market did not expect the central bank base rate to change, the decision of the Monetary Council of the Magyar Nemzeti Bank (MNB) on Tuesday met analysts’ expectations, experts...

Read more

A new code makes online shopping safer

In the Financial Corner section of the Magyar Nemzeti Bank (MNB), origo seeks answers to the following question from central bank experts: “I would have bought online with my bank...

Read more

According to the MNB, the economy will regain its 2019 performance by the end of the year

The Hungarian economy may regain its 2019 performance by the end of 2021, after GDP growth is expected to approach 6 percent this year – the Magyar Nemzeti Bank (MNB)...

Read more

ITM-GVH-MNB: Enhanced cooperation for consumer protection

The Ministry of Innovation and Technology (ITM), the Hungarian Competition Authority (GVH) and the Magyar Nemzeti Bank (MNB) have renewed their cooperation agreement aimed at eliminating unfair commercial practices against...

Read more

MNB: Rising tobacco prices boosted core inflation last December

The contribution of demand-sensitive products and fuels to inflation rose in December last year, offset by a decline in the contribution of food to inflation, so that overall inflation remained...

Read more

It turned out how much cash was in circulation in December 2020

The average stock of cash in circulation increased in the last month of the year, according to a statement presenting the preliminary balance sheet of the central bank – origo,...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

Credit card: small shops can count

Payment by credit card is more convenient, but in 30% of the service places, at least 60 thousand places it is not possible to pay with them. Why is that?...

Read more

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...

Read more

The MNB may maintain the value limit of 15,000 HUF for credit card payments

The central bank proposes to keep the 15,000 HUF limit for bank card payments, the managing director of the Magyar Nemzeti Bank told M1 news channel on Friday. Bartha Lajos...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more
Oldal