Tag "MNB"
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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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...
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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...
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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...
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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...
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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...
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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 moreMNB: 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...
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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...
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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 moreHungary 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...
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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 moreThe 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...
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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...
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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...
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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...
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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...
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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...
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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 moreGo 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 moreMNB: 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...
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The MNB calls on the participants of the financial system to raise the threshold for credit card payments
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
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...
Read moreMNB: rising fuel and food prices pushed up inflation in January
The rise in inflation is mainly explained by the rise in fuel and food prices – the National Bank of Hungary (MNB) said in its comment on January inflation data....
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MNB: Households’ net wealth exceeded 108 percent of the GDP at the end of 2019
Households’ net financial assets increased by 11.7 percent last year to 50,932 billion HUF at the end of the year. Households’ financial assets totaled 61,161 billion HUF, accounting for 130.8...
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