Central Bank of Hungary (MNB)
Hungary - C bank accused of discredited policies
Kossuth Radio in Budapest reported that members of the Hungarian Socialist Party have criticised the National Bank of Hungary, saying the monetary policies of the central bank have been discredited after the MNB only warned about the dangers of an…
Hungary's government, central bank in agreement
Hungarian prime minister Peter Medgyessy has stressed the importance of cooperation between the government and the central bank in guaranteeing that inflation targets are met, according to an Interfax report. Central bank governor Zsigmond Jarai said the…
MNB alters Hungary's inflation aim
The National Bank of Hungary (MNB) will miss its inflation target for this year because of increasing crude oil prices and domestic wages, MNB President Zsigmond Jarai announced Monday.
National Bank of Hungary paper on the euro
RESEARCH - National Bank of Hungary Occasional Papers - 'Adopting the euro in Hungary: expected costs, benefits and timing', edited by Attila Csajbok and Agnes Csermely and released on 28 October.
Hungary's Jarai admits reporting to secret service
HUNGARY - The chairman of the National Bank of Hungary Zsigmond Jarai yesterday protested against publishing his personal data, but today, he gave a statement to a Hungarian newspaper. The report comes from BBC monitoring.
Jarai should remain as chief of Hungary's c bank
HUNGARY - Zsigmond Jarai will remain in his position as head of the National Bank of Hungary (MNB), Peter Medgyessy, the probable next prime minister of Hungary told reporters on Monday.
Hungarian ctrl bk to coordinate data after glitch
HUNGARY - The National Bank of Hungary and the Central Statistics Office, or KSH, Wednesday signed a pact to harmonize data collection, two days after the central bank revised and more than doubled the 2001 current account deficit.
Ernst & Young to audit central bank
HUNGARY - The Hungarian state audit office, ASZ, has recommended Ernst & Young over two other auditing firms to audit the National Bank of Hungary for the next five years, Econews reports.
Hungary nat bank to amend reserve regulations
HUNGARY - The monetary council of the National Bank of Hungary (NBH) decided on Monday to amend the mandatory reserve regime, effective 1 February 2002, the Bank said in a statement.
Hungary's nat bank launch euro info campaign
HUNGARY - The National Bank of Hungary will launch an information campaign on 15 November to help Hungarian individuals to smoothly change their cash holdings in the 12 outgoing European currencies, estimated to be worth some HUF 70bn,NBH vice president…
Hungary's Nat Bank to build new logistics centre
HUNGARY - The National Bank of Hungary plans to build a new logistics centre, also housing the National Mint - Magyar Penzvero - on the outskirts of Budapest or outside the city, the central bank announced on Friday.
Hungary's National Bank appoints deputy presidents
HUNGARY - The National Bank of Hungary has appointed Henrik Auth and Peter Adamecz as deputy presidents.
Hungary aims to introduce euro in 2006
HUNGARY - The government expects that Hungary will introduce the euro as its currency as of 1 January 2006, Zsigmond Jarai, head of the National Bank of Hungary (MNB) said at a business conference on 26 July.
Hungarian bank says June deficit was misprint
HUNGARY - The National Bank of Hungary said on 1 August that the figure of EUR129.2 million for the June current account deficit, published in its quarterly inflation report 1 August, was a misprint.
Hungary publishes euro recommendations for banks
HUNGARY - The National Bank of Hungary (MNB) has published recommendations to commercial banks regarding the introduction of euro coins and notes in 12 EU member states as of 1 January 2002.
Mon council member resigns at new central bank act
HUNGARY - Professor Janos Kornai, one of Hungary's most prominent economists, has announced his resignation from his position on the monetary council of the National Bank of Hungary (MNB).
CB to work out ideas for commercial banks on euro
HUNGARY - The National Bank of Hungary (MNB) is preparing recommendations to commercial banks regarding the introduction of euro coins and notes in 12 EU member states as of 1 January 2002, MNB spokesperson Gabor Missura said.
National Bank of Hungary appoints deputy governors
HUNGARY - The National Bank of Hungary, the central bank of Hungary, has appointed Peter Adamecz and Henrik Auth as deputy governors.
Monetary council member resigns in Hungary
HUNGARY - Professor Janos Kornai, one of Hungary's most prominent economists, has announced his resignation from his position on the monetary council of the National Bank of Hungary (MNB).
Hungarian parliament passes new central bank act
HUNGARY - The Hungarian parliament passed the new Central Bank Act late evening of 19 June. The new act relegates supervisory authority over the National Bank of Hungary (MNB) to the State Audit Office (ASZ), and replaces the current central bank council…
Hungary introduces inflation targeting system
HUNGARY - The central bank council has approved that the National Bank of Hungary (MNB) operate a monetary system based on implicit inflation targeting, MNB president Zsigmond Jarai announced at a news conference 12 June.
Central bank to review monetary trends weekly
HUNGARY - The National Bank of Hungary (NBH) has said that its monetary committee will in the future review monetary trends and the operation of monetary policy tools on a weekly basis, on the first working day of a week.
Zsigmond Jarai optimistic on inflation target
HUNGARY - Dec 2000 year-on-year inflation could be 6-7%, Hungary's central bank governor Zsigmond Jarai said at an event of the Joint Venture Alliance, according to the daily Vilaggazdasag.
Hungary Jarai-wider euro/forint band in 12-18 mos
The Hungarian forint's trading band could be widened in 12 to 18 months, recently appointed central bank governor Zsigmond Jarai told business daily Vilaggazdasag in an interview published Mar 8, 2001.