Central Bank of Hungary (MNB)
National Bank of Hungary studies voting by MPC members
Research from the Hungarian central bank finds evidence that preference heterogeneity is random among the members of the policy-setting committees at the central banks of Poland and Hungary
European Commission pursues Hungarian central bank independence issue
European Commission welcomes Hungarian promise to change legislation affecting the independence of the central bank, but wants to see more details
Central Bank of Hungary governor offers to give up salary
Andras Simor attempts to ease conflict with government; desperate for the country not to lose ability to negotiate with International Monetary Fund over emergency funding
Central banks find novel uses for old banknotes
Central Bank of Ireland makes old notes into artwork; National Bank of Hungary offers the decommissioned banknotes to charities to burn for heating purposes
Cyprus central bank pay freeze passes ECB scrutiny
European Central Bank says Cypriot public sector wage freeze does not threaten the central bank’s ability to perform its tasks independently from government
IMF criticises Hungary over policy 'missteps'
International Monetary Fund Article IV consultations says Hungarian economy is in perilous state; country must push ahead with structural reforms and reverse a central bank law to receive funding
Hungary drops plan to merge central bank with regulator
Hungarian prime minister Viktor Orbán says planned merger between National Bank of Hungary and Hungarian Financial Supervisory Authority has been abandoned
European Commission begins legal action against Hungary
European lawmakers launch accelerated infringement proceedings against Hungary regarding the independence of its central bank; Budapest has one month to respond or risks financial penalties
ECB and BoE join other countries in rates hold
European Central Bank and Bank of England join the National Bank of Poland and Bank Indonesia in leaving interest rates on hold; ECB president welcomes U-turn on Greece private sector involvement
Lagarde expresses concerns ahead of crucial meeting with Hungary
Christine Lagarde stresses importance of Hungarian authorities' compliance with the European requirements ahead of key discussions over financial aid in Washington
Fitch downgrades Hungary credit rating to junk status
Hungary long-term foreign issuer default rating lowered to BB+; outlook remains negative according to rating agency
Hungary's borrowing costs soar
Yield on Hungarian 10-year debt exceeds 10% amid investor concern that Budapest will not receive IMF assistance
Hungary passes controversial central bank bill
Hungarian parliament votes in favour of amendments to National Bank of Hungary law; central bank warns that law presents serious threat to economy
Barroso urges Hungary to drop controversial bill
European Commission president Jose Manuel Barroso challenges Budapest over proposed amendments to National Bank of Hungary law; central bank raises rates by 50 basis points
Hungarian government proposes banking regulator merger
Hungarian parliamentary committee sets out amendments to National Bank of Hungary law that will merge institution with financial regulator; move would see governor Andras Simor demoted to deputy head
National Bank of Hungary paper explains strong demand for cash in Eastern Europe
National Bank of Hungary study shows transactional cash demand is influenced by the level of improvement in payment systems
National Bank of Hungary takes swipe at government
Central bank rejects cabinet selection of official to attend meetings on foreign currency loan problems in Hungary; sign of continued poor relationship
National Bank of Hungary paper measures degree of real wage rigidity in labour market
National Bank of Hungary study says Hungary ranks among the lowest in countries with downward real wage rigidity
Poland moves to halt zloty decline
National Bank of Poland intervenes in foreign exchange markets for third consecutive week to curb depreciation of zloty; Central Bank of Brazil also acts to smooth flow of real against dollar
Risk management in central and eastern Europe: Hungarian research paper
National Bank of Hungary releases working paper that looks at risk management approaches in central and eastern Europe
Hungarian governor requests meeting to discuss loans
Andras Simor wants to discuss ways to help Hungarians struggling under the burden of loans; asked to share ideas on financial stability with prime minister
Hungary holds as inflation moves closer to target: minutes
National Bank of Hungary minutes shows decline in inflation suggested return to 3% target would not necessitate a monetary tightening
National Bank of Hungary paper assesses input distortions in CEE countries
National Bank of Hungary identifies labour and capital market distortions in central and eastern European countries
Hungary’s Simor under fire over financial loss
National Bank of Hungary governor András Simor defends management record after predecessor criticises $224 million loss