IMF ready to start negotiations with Hungary after cen bank independence steps

"...The Fund is ready to start negotiations as soon as adequate steps are taken to ensure central bank independence as has been discussed with the Hungarian government," Ivaschenko says.
EconomyFriday, 09:00 April 27., 2012 Read more

Move towards EU talks

Concerns include Hungary’s exposure to the eurozone economy and eurozone banks, its high public and private indebtedness, policy unpredictability, and the scope for fiscal slippage.
EconomyFriday, 08:35 April 27., 2012 Read more

Rate-setters say banking system stable, but ability to support growth weakened

A reduced willingness to lend still contributed to credit supply constraints, but deteriorating lending capacity raises the risk of a credit crunch, Monetary Council says.
FinanceThursday, 18:45 April 26., 2012 Read more

Hungary to negotiate for precautionary financial package from IMF-EU

The Hungarian government, the National Bank of Hungary, the IMF, EC and European Central Bank will participate at the talks.
EconomyWednesday, 22:00 April 25., 2012 Read more

MNB starts euro sales to support conversion of delinquent fx loans

The operations will have no material impact on Hungary's external vulnerability, MNB says.
FinanceWednesday, 10:10 April 25., 2012 Read more

Obstacles to IMF/EU talks essentially removed

"We have come very close to essentially making a breakthrough. It is a matter of days or weeks at the latest," says Orbán.
PoliticsTuesday, 20:25 April 24., 2012 Read more

MNB three-month FX swap tender continued without bids

Except for two occasions with limited demand, the weekly tenders have attracted no bids since the end of January.
FinanceTuesday, 11:55 April 24., 2012 Read more

MNB on hold now, eyes IMF/EU deal for future rates guidance, says City

Until a safety net materializes in the form of a stand-by arrangement, City analysts do not see a case for rate cuts.
EconomyMonday, 14:10 April 23., 2012 Read more

MNB expected to keep rates on hold at Tues meeting

All Reuters analysts said the MNB would keep the base rate on hold at 7% for the fourth month in a row.
EconomyFriday, 09:40 April 20., 2012 Read more

Talks on Hungary Central Bank Act held at ECB headquarters

The talks in Frankfurt were expected to produce a solution on disputed points of the law.
EconomyTuesday, 11:10 April 17., 2012 Read more

Forint liquidity of banks rose slightly in March

The rise came after closure of early repayment scheme.
FinanceThursday, 14:45 April 12., 2012 Read more

Hungary international reserves drop €128 mln in March

End-of-March reserves were down €3.132 billion from the end of December 2011 and dropped €1.05 billion from a year earlier.

EconomyFriday, 11:10 April 6., 2012 Read more

Hungary rate-setters brush off speculation of rift

Two external members of the Council said the speculation was untrue, and tension between the Council and the MNB staff was an "urban legend".
EconomyWednesday, 09:35 April 4., 2012 Read more

Analysts put Hungary c/a surplus at €1.8 bln-2.5 bln for 2012

EconomyFriday, 16:10 March 30., 2012 Read more

MNB says €2.5 bln of high Q4 FDI flows is "capital in transit"

Both incoming and outgoing FDI reached all time highs in the last quarter.

EconomyFriday, 16:05 March 30., 2012 Read more

Hungary current account surplus drops in Q4, rises to prelim €1.43 billion in 2011

Hungary had a current account surplus of €149 billion in the fourth quarter of 2011, down from an upwardly revised Q3 surplus as well as from a year earlier, the National Bank of Hungary said in a first reading on Friday.
EconomyFriday, 14:25 March 30., 2012 Read more

Retail loan stock drops on early FX repayment scheme in Feb

Stock of retail loans of Hungarian banks fell by HUF 259.9 billion to HUF 7,633.8 billion in February from a month earlier, fresh MNB monthly data show.
FinanceFriday, 14:10 March 30., 2012 Read more

MNB suggests modifications to Central Bank Law

The suggestions aim to modify legislation in Hungary's new Central Bank Law regarding the bank's Monetary Council instead of removing some stipulations altogether.
EconomyWednesday, 10:15 March 28., 2012 Read more

MNB raises inflation projection for 2012

The projection appears the central bank's fresh quarterly Inflation Report.

FinanceTuesday, 15:55 March 27., 2012 Read more

Monetary Council decides to keep key rate on hold at 7.00%

Council said high volatility of risk perceptions and underlying inflation continued to "warrant a cautious policy stance".
FinanceTuesday, 15:40 March 27., 2012 Read more

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