MNB publishes fair banking indicators on website

Analysis

The National Bank of Hungary (MNB) published the values of the so-called fair banking indicators on its website for the first time on Friday, MTI news agency reported. The values of the indicators specify the maximum changes banks are allowed to make to lending interest rates and margins in the new interest period established under recently approved legislation on fair banks.

From this point forward the MNB will publish the indicator values on the 5th of every month. The fair banks legislation, approved by Parliament in November, locks in interest rates for loans under three years and requires lenders to use indicators, approved by the central bank, to calculate rate changes for loans with longer terms.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Parl't extends pandemic legal provisions Parliament

Parl't extends pandemic legal provisions

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.