Central Bank of Hungary

Central Bank of Hungary
Brief History

Established in April 1924 as a central bank and bank of issue. Commercial banking activities were transferred to new commercial banks in 1987. The powers and functions of the Central Bank of Hungary are determined by Act CXXXIX of 2013. In the new central bank law of 2001, legislators defined the bank’s basic duties in accordance with the functions specified within the European System of Central Banks. The bank’s main goal is to achieve and maintain price stability. The bank

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