Tag "MNB"
Stable points in an unstable period…
Date: 2022-08-28 09:10:10
…as the experts saw it back in May. On 26 May the Business Dinner – a meeting for FMCG executives – took place in Hungexpo’s new Congress Centre, with the...
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SMEs expect high sales growth – but how much of this will inflation take away?
Date: 2022-08-19 09:12:38
Based on the results of the second quarter of the K&H SME Confidence Index 2022, businesses expect a 12 percent increase in sales revenue and a 7 percent increase in...
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According to the vice president of the MNB, brutal inflation may stay with us until next summer
Date: 2022-07-26 13:09:34
Barnabás Virág explained the background of today’s interest rate hike in an online background discussion from three o’clock on Tuesday afternoon. As is well known, the Monetary Council raised the...
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Magazine: Digital trend analysis
Date: 2022-07-06 06:12:36
Norbert Madar, lead consultant of GKID Research & Consulting (formerly called GKI Digital) analysed the latest digital trends for our magazine. In 2020 and 2021 online retail was growing rapidly,...
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MNB director: inflation peaks in the autumn months
Date: 2022-06-30 11:44:50
Inflation peaks in the autumn months and then slowly declines, returning to the central bank’s tolerance band at the end of 2023 and reaching the 3 percent target in the...
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MNB: the digitalisation of the financial sector has improved further
Date: 2022-06-20 11:18:27
After the pandemic, the digital transformation of the financial sector gained new momentum: an increasingly wide range of banking products is available digitally, and more than 80 percent of customers...
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MNB: the number of card purchases has increased fivefold in ten years
Date: 2022-06-08 11:20:31
The payment system has undergone tremendous development in the last ten years: for example, the number of POS terminals in operation tripled to 240,000 last year and the number of...
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Matolcsy: two-year competitiveness program needs to be launched
Date: 2022-05-19 11:35:28
The central bank is proposing a two-year competitiveness program to the new government to restore the “dramatically upset” balance. The 12 pillars and 144 proposals of the Sustainable Balance and...
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MNB: the commercial real estate market is characterized by growing risks
Date: 2022-04-28 11:29:28
The turbulence caused by geopolitical tensions and the future risks of global economic growth will have a negative impact on the demand for commercial real estate, real estate development, financing...
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The MNB raised the key interest rate by 30 basis points
Date: 2022-04-28 11:18:05
On Thursday, the Magyar Nemzeti Bank (MNB) announced its one-week deposit tender at 6.45 percent, 30 percentage points higher than in the previous week. Analysts also expected such a rise...
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Weekly Macro Calendar – Interest rate decisions, labor market and government finance data are coming
Date: 2022-04-22 09:32:57
The most important event next week will be the interest rate setting meeting of the Magyar Nemzeti Bank (MNB) on Tuesday, and this week the Ministry of Finance (PM) will...
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(HU) MNB: háromszor jobban emelkedtek a fogyasztói árak márciusban, mint a korábbi években
Date: 2022-04-08 10:30:44
Sorry, this entry is only available in HU....
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The MNB raised its inflation forecast for this year to 7.5-9.8 percent
Date: 2022-03-22 11:45:26
The central bank has raised its inflation forecast to 7.5-9.8 percent this year and lowered its GDP expectation to 2.5-4.5 percent, according to key figures in its latest Inflation Report...
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MNB: credit dynamics in corporate and retail lending were outstanding last year
Date: 2022-03-10 11:52:19
Last year, the loan portfolio of companies was almost 11 percent higher, while the loan portfolio of SMEs was nearly 17 percent higher than a year earlier. The retail loan...
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The MNB widened the interest rate corridor, but did not raise the central bank base rate
Date: 2022-03-08 11:20:58
The Monetary Council of the Magyar Nemzeti Bank left the central bank base rate unchanged at 3.40 percent at its meeting on Tuesday, but raised the upper end of the...
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Nobody wants to own Sberbank
Date: 2022-03-03 10:01:56
The National Bank of Hungary (MNB) has made significant efforts in recent days to find a long-term solution, notably the sale of the Hungarian Sberbank, which has not been successful,...
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New routes on the Milky Way
Date: 2022-03-01 10:29:47
On 23 February the Milk Interbranch Organisation and Dairy Board held its tenth annual conference – this time online. Managing director Zoltán Harcz welcomed the participants and the first...
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MNB: household savings increased in the fourth quarter of last year
Date: 2022-02-18 11:20:58
Households’ net financial savings amounted to 905 billion HUF, or 5.8 percent of GDP, in the fourth quarter of last year, compared to 111 billion HUF in the third quarter...
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MNB: Current account deficit closed in December
Date: 2022-02-16 10:26:07
As in the first two months of last year’s fourth quarter, the current account closed in deficit in December. The deficit was EUR 622 million, EUR 137 million larger than...
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MNB: prices in January increased mainly due to higher food prices
Date: 2022-02-11 11:25:15
Inflation rose by 0.5 percentage point month-on-month in January, mainly due to an increase in the price index for food, and to a lesser extent for industrial goods and market...
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The MNB Vice-President: the series of base rate increases in 2022 will continue
Date: 2021-12-16 11:22:53
Prolonged inflationary pressures justify long base rate hikes, and the monthly series of rate hikes will continue in 2022, Virág Barnabás, vice-president of the Magyar Nemzeti Bank (MNB) said in...
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The MNB has raised its inflation forecast for this year to 5.1 percent
Date: 2021-12-15 11:29:40
The central bank has raised its inflation forecast for this year to 5.1 percent and lowered its GDP expectation to 6.3 – 6.5 percent, according to key figures in its...
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MNB: wide range of products and services caused inflation to rise in November
Date: 2021-12-08 11:21:55
In November, inflation rose by 0.9 percentage points and core inflation by 0.6 percentage points; The rise in inflation was reflected in a wide range of products and services, the...
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MNB: households’ willingness to save in the third quarter declined
Date: 2021-11-17 11:25:30
Households’ financial savings fell by a third to 681 billion HUF in the third quarter compared to the previous year, by 14 percent year-on-year, according to preliminary data published by...
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MNB: the price of fuels, manufactured goods and unprocessed foods raised inflation
Date: 2021-09-09 11:41:11
Compared with the previous month, inflation rose by 0.3 percentage points to 4.9 percent in August, while core inflation and core inflation adjusted for indirect taxes rose by 0.1 percentage...
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MNB: accelerated household borrowing in the second quarter
Date: 2021-08-18 11:20:58
In the second quarter, households’ net financial assets increased by 657 billion HUF, of which 433 billion HUF came from fresh savings and 213 billion HUF from market yields, according...
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A significant amount of cash remained with the population, according to central bank experts
Date: 2021-08-17 11:22:00
Since last year, a significant amount of cash has remained with the population, said the participants of Tuesday’s online book presentation of the Magyar Nemzeti Bank (MNB). The head of...
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Varga Mihály: the higher level of inflation is temporary
Date: 2021-08-04 11:20:03
The higher level of inflation is temporary, if the central bank uses its existing assets, then inflation may return to the 3 percent range in 2022, the Minister of Finance...
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The energy drink producer Hell issued HUF 67 billion worth of green bonds
Date: 2021-07-26 11:54:42
Hell Energy Magyarország Kft. issued green bonds with a nominal value of 67 billion HUF in the Growth Bond Program of the Magyar Nemzeti Bank, the energy drink manufacturer informed...
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No escape, massive inflation remains, MNB expects nothing else
Date: 2021-07-23 10:04:38
From a certain point of view, it is a good sign that inflation has soared in Hungary because it indicates that economic growth has started, says the MNB’s senior official....
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