Tag "MNB"

Stable points in an unstable period…

…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?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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