Hungary
Hungarian central bank raises one-day rate
According to Zsigmond Jarai, chairman of the National Bank of Hungary, the storm of speculation against the forint [Hungarian currency] has ended. Most of the so-called hot money which has flown into the country has left the country.
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.
Hungarian central bank council member resigns
Gabor Oblath, a member of the National Bank of Hungary's rate setting Monetary Council will resign from his post Monday, the prime ministers office said.
Bank blamed as forint hits upper limit vs euro
Hungary's central bank was under fire Tuesday for its high interest rate policy after the national currency, the forint, rose to the upper limit of its trading band against the euro.
Economist slams Hungarian central bank policies
ARTICLE - The article 'In the grips of the central bank; To where does the MNB's monetary policy lead?' suggests that the National Bank of Hungary has failed to learn from mistakes made over the previous several years.
Euro may boost Hungary growth report shows
HUNGARY - Joining the euro could boost economic growth in Hungary by between 0.6 to 0.9 percentage points annually for 20 years, according to a report published yesterday by the National Bank of Hungary, the central bank.
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: Central bank rejects PM's plea on rates
HUNGARY - Zsigmond Jarai has said that the current rate of interest is appropriate.
Hungary president blocks probe on secret services
HUNGARY - Hungary's state president and the head of the central bank have become embroiled in growing controversy over Communist-era links with the secret services.
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 PM nominates new monetary council member
HUNGARY - Prime Minister Viktor Orban has nominated Tamas Karo, a U.S.-Hungarian dual citizen and a personal advisor to the President of Hungary, to the National Bank of Hungary's Monetary Council, state news agency MTI says.
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.
Central Europe govt's on collision with c-banks
CZECH REPUBLIC - With elections due in all three of central Europe's leading economies in the next year, governments seeking to raise public sector spending risk bruising rows with their central banks.
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.
National Bank of Hungary - Annual Report 2000
ANNUAL REPORT - The National Bank of Hungary has published its Annual Report for the year ended 2000.
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).