Tag "MNB"
MNB: clear progress in green finances last year
Date: 2021-03-04 11:12:35
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,...
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Analysts: base rate remained unchanged as expected
Date: 2021-02-24 11:20:08
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...
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A new code makes online shopping safer
Date: 2021-02-19 11:20:15
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...
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According to the MNB, the economy will regain its 2019 performance by the end of the year
Date: 2021-02-11 11:41:40
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)...
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ITM-GVH-MNB: Enhanced cooperation for consumer protection
Date: 2021-01-21 11:21:22
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...
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MNB: Rising tobacco prices boosted core inflation last December
Date: 2021-01-15 11:22:52
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...
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It turned out how much cash was in circulation in December 2020
Date: 2021-01-15 11:17:10
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,...
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Consumer solvency improves, a W-shaped recovery might follow
Date: 2020-12-10 11:31:44
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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MNB: progress in two thirds of the proposals of the Competitiveness Program
Date: 2020-11-26 11:20:05
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
Date: 2020-11-18 11:25:01
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
Date: 2020-11-17 11:20:07
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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Mobile payment set new records in Hungary
Date: 2020-11-04 11:30:39
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
Date: 2020-10-16 11:30:49
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
Date: 2020-09-29 11:34:36
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
Date: 2020-09-25 11:30:35
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?
Date: 2020-07-30 07:04:24
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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Credit card: small shops can count
Date: 2020-07-29 11:36:43
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?...
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Hungary ranks 19th among EU countries in the MNB’s competitiveness ranking
Date: 2020-07-29 11:27:36
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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The MNB may maintain the value limit of 15,000 HUF for credit card payments
Date: 2020-07-10 11:25:05
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...
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The MNB expects modest GDP growth this year
Date: 2020-06-25 11:45:43
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
Date: 2020-06-15 11:35:49
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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Matolcsy We took a new direction in 2020
Date: 2020-05-19 11:15:01
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
Date: 2020-05-18 11:22:35
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
Date: 2020-05-14 11:21:07
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
Date: 2020-05-11 11:15:19
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
Date: 2020-04-21 11:30:54
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
Date: 2020-04-20 11:55:47
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
Date: 2020-03-26 11:20:06
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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The MNB calls on the participants of the financial system to raise the threshold for credit card payments
Date: 2020-03-20 11:19:57
The National Bank of Hungary (MNB) calls on banks and card companies to raise the 5,000-HUF limit for the mandatory use of touch-code card payments to 15,000 forints in order...
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MNB: use of payment cards is increasing abroad and on the Internet
Date: 2020-03-17 11:28:43
With the development of the payment infrastructure, the penetration of touch technology has continued, with touch cards accounting for 85 percent of all payment cards at the end of last...
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