Tag "MNB"

We need to rethink measuring inflation in the digital age

The central banks of the developed countries have been unable to meet their inflation targets for nearly a decade, despite considerable efforts – Világgazdaság Online wrote. In two thirds of...

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The MNB is characterized by strong demand and tight supply in the commercial real estate rental and investment market

Due to strong rental demand, the vacancy rate in the Budapest office and industrial logistics market dropped to another historic minimum in the first half of the year. Investment market...

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MNB: rising cost of services increased core inflation

Inflation fell by 0.3 percentage points to 2.8 percent in September, while core inflation rose by 0.2 percentage points to 3.9 percent. The slowdown in inflation was mainly caused by...

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Instant payment to be launched in Hungary next spring

The Central Bank of Hungary (MNB) has recently postponed the introduction of the instant payment system in Hungary – the new date is now 2 March 2020. By using the...

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Mobile payment with QR code can be the key to fewer cash payments

In the instant payment system mobile payment with QR code has become popular in those countries where the market regulator and market players developed an open-source standard, or where banks...

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MNB: card payments ratio continued to expand in the second quarter

The infrastructure of card payments and the rate of card payments also expanded in the second quarter of this year -the National Bank of Hungary (MNB) announced on its website...

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Strong customer authentication has arrived

On 14 September, as part of the Payment Services Directive 2 (PSD2) entering into force, strong customer authentication (SCA) will be introduced in Hungary. This will entail changes in e-commerce,...

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Strong customer authentication’s start won’t be trouble-free

The date is approaching fast: on 14 September strong customer authentication (SCA) rules will enter into force in Hungary. It can already be seen that the system’s launch won’t be...

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Instant payment – later

On 28 May 2019 the Central Bank of Hungary (MNB) postponed the introduction of the instant payment system in Hungary, the new date is now 2 March 2020. MNB decided...

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Magazine: Technology brings major transformation to the Hungarian financial services market

At the end of April more than 400 experts gathered at the FinTechShow conference, where Hungary’s fintech strategy and the fintech programme of the Central Bank of Hungary (MNB) were...

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Inflation report: the catch up of the Hungarian economy continues

Despite the slowdown in external activity, the Hungarian economy will continue to catch up in the next period – Balatoni András, Director of the Hungarian National Bank (MNB) said at...

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MNB: inflation stagnated, with the core indicators rising

In May, the average increase in consumer prices stagnated, inflation was 3.9 percent in April, while core inflation rose – according to the Hungarian National Bank’s (MNB) analysis – published...

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Július 1-jével új korszak köszönt a hazai vállalatokra

Teljesen átalakíthatja a cégek forrásbevonási szerkezetét a napokon belül induló Növekedési Kötvényprogram (NKP) – hívta fel rá a figyelmet Lóga Máté, a Magyar Nemzeti Bank főosztályvezetője az EY konferenciáján. Az...

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MNB: the shock resilience ability of the Hungarian banking system remains strong

The shock resilience of the Hungarian banking system remains strong, and the institutions of the domestic banking system would meet regulatory expectations even in the event of a significant negative...

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MNB: the six month increase of core inflation stopped in April

Seasonally adjusted annual core inflation remained unchanged in April, remained 3.8 percent as in the previous month, hence the increase of the indicator lasted for more than half a year...

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MNB: strong rental and investment demand in the domestic commercial real estate market

Demand for rental and investment in the domestic commercial real estate market is strong, supply can only react to this with delay. Last year the vacancy rate in the market...

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Between 2014 and the end of 2017, MNB’s net wealth of households increased significantly

Households’ net wealth increased significantly between 2014 and the end of 2017, while price increases over this period were around 5 percent. The sector’s net wealth grew by 44 percent....

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MNB: households became richer with six percent of the GDP last year

In 2018, households increased their savings with 2985 billion HUF and took new loans in a value of 441 billion HUF, ie by increasing their net assets by 2544 billion...

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Retail loans have made a record

The year started very powerful in the retail credit market, which was expanding dynamically last year – piacesprofit.hu wrote. In January, banks lent personal loans and home loans in a...

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MNB: food prices have increased consumer prices

The rise in food prices increased inflation in February – the head of department of the National Bank of Hungary (MNB) confirmed it to M1 news channel on Monday. Várhegyi...

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The new program of the MNB calls for environmentally conscious banking

The Green Program of the Hungarian National Bank (MNB) encourages environmentally conscious “Banking” – Binder István, MNB’s spokesman told M1 news channel on Tuesday. He added that the MNB would...

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MNB: Hungarian households increased their savings with 5.9 percent of last year’s GDP

Hungarian households increased their savings by 2500 billion HUF, equivalent to 5.9 percent of GDP in 2018, of which 735 billion HUF was realized in the fourth quarter, which is...

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MNB: over the past half year, inflation has been around 3 percent

Over the past six months, inflation has fluctuated around 3 percent, and for a long period of time, there has been no example of this since the introduction of the...

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MNB: corporate lending accelerated in 2018

According to the data of the National Bank of Hungary (MNB), corporate loan demand picked up last year. At the end of December, the debt of non-financial corporations against domestic...

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Last year was the best of the decade

According to GKI’s estimation, the Hungarian economy grew by 4.6 percent in 2018 – this growth rate was exceptionally good in the European Union (ranked 2nd or 3rd in the...

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The MNB will issue new 500-forint banknotes from 1 February

One can pay with the old version of the banknotes until 31 October 2019 – the Hungarian National Bank (MNB) told MTI on Monday. They also noted that with the...

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The MNB warns about the prudent recruitment of consumer loans

The central bank warns of a deliberate recruitment of smaller consumer loans linked to Christmas purchases. Depending on the type of loan and the financial institution offering the loan, the...

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MNB: Households’ assets increased by 524 billion forints in the third quarter

Net financial savings of households (financing capability) amounted to 524 billion forints in the third quarter, which is 4.9 percent of the quarterly GDP, while in the year until September...

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The change in prices of vegetables and oil has spurned inflation

The 2.7 percent inflation in the first nine months of the year can be explained by the price change of seasonal vegetables and the international rise in oil prices –...

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MNB: households in September took more loans than the value of their fresh deposits

In September this year, households took loans in a value of 37 billion HUF, while placed 13 billion HUF deposits at domestic financial institutions. In the first nine months of...

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