Tag "MNB"
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...
Read moreThe 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...
Read moreMNB: 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...
Read moreVarga 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....
Read moreMNB: In terms of sustainability, the Hungarian economy is in the midfield within the EU
In terms of sustainability, the Hungarian economy is in the middle of the EU, according to the MNB, it is the 15th among the countries of the European Union, the...
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MNB: households’ financial assets grew in the first quarter
Households’ net financial assets increased by 1,412 billion HUF in the first quarter, reaching 56,655 billion HUF at the end of March, 5,441 billion HUF – 10.6 percent – more...
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Blokkk.com: that’s the way online tills work
There is not much data on forints going through online tills. However, the MNB’s data can be defraied. This, of course, is money spent not only on the shopkeeper, but...
Read moreMatolcsy: fastest economic recovery in 100 years may come
Keeping interest rate conditions unchanged means that we will continue to maintain a favorable financing position, said Matolcsy György, Governor of the Magyar Nemzeti Bank (MNB), at a press conference...
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MNB: MKB Bank can also offer consumer-friendly personal loans
MKB Bank can start distributing its qualified consumer-friendly personal loan (MSZH) after the Magyar Nemzeti Bank (MNB) has approved the product’s rating – the central bank told MTI on Wednesday....
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Futureal issued 55 billion HUF in green bonds
Thanks to the Growth Bond Program (NKP) of the Magyar Nemzeti Bank, the Futureal Development Holding Ingatlanforgalmazó Kft. issued its first, at the same time outstandingly successful green bond issue...
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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...
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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...
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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,...
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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...
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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 moreAccording 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 moreITM-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 moreMNB: 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...
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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,...
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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...
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