Hungary
MNB puts sectoral buffers in place as real estate pressure mounts
Subsidised loans have increased demand for property significantly, central bank finds
MNB files embezzlement charges against building developer
Ballooning building renovation costs prompted inquiry into friend of ex-governor’s son
Hungary’s opposition considering joining euro if elected
Country could be ‘biggest winner’ of non-eurozone EU countries by introducing shared currency
Central Europe’s central banks hold rates
Switzerland, Czech Republic and Hungary keep policy steady
People: Head of Bank of Mauritius to step down
Plus: Ethiopia appoints governor and EBA chair announces departure
Book notes: Inflation, by Mark Blyth and Nicolò Fraccaroli
An accessible explainer about the narratives surrounding inflation – and who it benefits
Hungary holds rates for 10th consecutive time
Economy continues to stagnate despite rising household lending
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