Hungary
Hungary holds rates as economic outlook nosedives
MNB’s annual growth forecasts are significantly lower than the government’s
MNB governor signs co-operation agreement with PBoC
Hungary can “especially” rely on Asian partners amid global uncertainty, governor says
Hungarian central bank launches anti-cyber fraud campaign
Governor announces five-step campaign to counteract increasing prevalence of scams
Hungary to change central bank law
Amended legislation would increase size of monetary council and ban creation of new foundations
Hungary’s central bank publicly clashes with opposition leader
MNB says unnamed politician failed to comply with inquiry; Tisza head says he is target of smears
MNB to suspend controversial foundation
Ex-governor calls audit “smear campaign”; government blames ECB for not allowing closer surveillance
Hungary holds rates amid continuing upside risks to inflation
MNB points to geopolitical and trade uncertainty in explaining first policy decision under new governor
MNB funds funnelled through ‘impenetrable’ structure – state audit
Management firm lost “significant amount” of central bank endowment in real estate investment, report finds
MNB to follow ‘disciplined, patient policy’ – new governor
In first speech since taking office, Varga says bank will closely monitor food and service inflation
MNB launches DLT-based register for banks and insurers
Central bank says initiative aims to reduce administrative burden for firms and consumers
Hungary tentatively holds rates
MNB also changes forward guidance as inflation picks up
Lagarde laments looming pressure on central bank independence
ECB president nevertheless says that loss of independence remains “unlikely”
Hungary’s central bank to maintain active green programme
MNB to offset 2024 carbon footprint with 36 hectare nature restoration
Ukraine hikes rates, Serbia and Hungary hold
Worse-than-expected drought affects food inflation in eastern Europe
Hungary’s PM chooses finance minister as MNB governor
Appointment of Mihály Varga likely to improve bank’s relations with government after recent tensions
PM ‘overruled MNB building’s heritage status’ – whistleblower
Governors’ meeting prompted expedited approval for panorama deck on listed site, says former official
Hungary holds rates again
MNB remains hopeful about 2025 as economy slides into recession
Hungary holds rates again after September cut
Geopolitics prompt “careful, patient” monetary policy, says deputy governor
MNB calls on Revolut to open bank subsidiary, not branch
Central bank says firm’s Hungarian customers deserve full deposit protection offered by banking laws
How the rate hike cycle emboldened banks’ deposit modelling
But just because depositors didn’t react quickly doesn’t mean it will never happen
Hungary’s central bank increases gold reserves by 16.4%
MNB now has highest per capita bullion stocks in central and eastern Europe
Hungary cuts rates by 25 basis points
Central bank says prime minister’s austerity plans will help by providing fiscal credibility
Hungary has been ‘off course’ since 2021 – MNB governor
Matolcsy tears into government’s economic policy
Hungary holds rates after June ‘turning point’
Finance minister says central bank was operating in “cyclops mode”