Hungarian National Bank | The Budapest Times

Tagged: Hungarian National Bank

Waiting, worrying continues for brokerage victims

‘Exhausting’ process isn’t finished yet

2. August 2015 - by Rainer Ackermann in Economy

The payment of compensation for the victims of the Quaestor broker scandal began in mid-July. This does not mean that the complex story is over and done with. Although the[…]

No pressure, no severity

A satisfactory picture in monetary policy

4. July 2015 - by RA in Economy

The Monetary Council of the Hungarian National Bank cut the base interest rate by another 15 points at its June meeting, with an end result of 1.5%. This is another[…]

Let it rain or let it snow:
now you can eat on the terrace
of Arany Kaviár anytime.

Now with weatherproof terrace

Restaurant Arany Kaviár profits from the National Bank’s Credit Program for Growth

27. June 2015 - by Jan Mainka in Budapest

When the Hungarian National Bank’s (MNB) Credit Program for Growth (NHP) is mentioned, we associate it first with new production halls or machines. The noble restaurant Arany Kaviár (Golden Caviar[…]

Quaestor-károsultak demonstrációja Debrecenben

Government bonds come out smelling more attractive

Broker scandal in the ‘manure stall’

29. March 2015 - by Rainer Ackermann in Politics

While the total loss in the biggest broker scandal in Hungarian history slowly but surely approaches EUR 1 billion, Károly Szász has been honoured with the Middle Cross of the[…]

According to the Kúria’s decision, borrowers have to bear the
exchange rate risk

A rescue that does not save anyone

Another step “forward” in the foreign-exchange loans

22. November 2014 - by RA in Economy

Another illusion has been shattered for the common citizen. The foreign-currency loans will be converted to HUF loans at the actual exchange rate. The government “fairly” divides the burden of[…]

Good for 100,000, bad for 10,000,000: banks

Recently the banks have been losing dozens of lawsuits in court while trying to prove that the new law on the “settlement” of their foreign-currency loans practice is unconstitutional. Some of the suits were taken before the court of second instance but most of the complaints were quickly dealt with by the judges.

4. October 2014 - by Rainer Ackermann in Economy

This way of handling things is absurd to the Hungarian Banking Association. Levente Kovács, the general secretary, complains that if the practice of the Hungarian banks is going to be[…]

Zero point nothing

About the Hungarian National Bank’s inflation report

13. July 2014 - by Rainer Ackermann in Economy

Sometimes we can be very happy even about a zero. In principle inflation has not disappeared yet but we as consumers should be in a good mood, because we do[…]

Hungary witnesses spread of PayPass payments

One in every five people has a PayPass credit card in Hungary, as revealed by Budapest Bank research. That is approaching two million contactless cards, a payment option that has spread rapidly in the country during the past few years.

15. June 2014 - by Rozsa Nguyen in Budapest

Just recently, Centre for Budapest Transport (BKK) announced plans to introcued the PayPass payment option at the new TVMs in Budapest, marking a significant step in the promotion of such[…]

The National Bank, led by György Matolcsy, is helping the government in the fight against the high foreign
exchange debt
(Photo: Hetek)

Reducing external vulnerability

National Bank finds new solutions

10. May 2014 - by Rainer Ackermann in Economy

The Hungarian National Bank has announced a new program to reduce the high gross overseas debt and the demand for international refinancing. As a core element of the plan, the[…]

Stay home and count your money

Forint ever weaker as debt mountain barely reduced

9. February 2014 - by Rainer Ackermann in Economy

It’s nothing to be proud of when a national currency goes down in value. The government isn’t exactly broadcasting it but they aren’t making any secret that a weak forint[…]