77 result(s) for mnb in Business
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Hungarian Banks Prepare For Intra-Day Payment
- 28 Jun 2012 9:00 AM
- business
Banks and the MNB are carrying out test runs of intra-day settlements of electronic payment orders at high volume, before a new system enters into effect on July 1, the Banking Association announced yesterday. Electronic payment orders between banks will be executed within four hours, rather than the current two or three days, from Monday.
Talks Continue On Amendments To The Act On The National Bank Of Hungary
- 6 Jun 2012 9:01 AM
- business
Mihály Varga, Minister without portfolio in charge of negotiations with the International Monetary Fund (IMF) and the EU, who swore his oath of office on Monday in Parliament, has asked the Fidesz parliamentary group to consider postponing the final vote on amendments to the Act on the National Bank of Hungary (MNB). According to the original timetable, Monday would have seen the final vote on ...
Hungarian Cabinet Withdraws Central Bank Bill
- 24 May 2012 10:50 AM
- business
The central bank bill has been taken off Parliament’s agenda, due to technical errors, and as a result will not be passed before June. The EU had said that changes to the central bank law are a precondition for talks on an IMF loan. The bill was scheduled to be submitted last Friday, but has been held back due to incorrect numbering in the references.
Ministry Submits Amendments To Hungary's Central Bank Law
- 18 Apr 2012 9:00 AM
- business
"The cabinet late Tuesday submitted to Parliament motions to strengthen the independence of the central bank, a precondition for the start of loan talks with the IMF, the Economy Ministry announced. Government representatives discussed the central bank law with the EU, the IMF, the MNB and the European Central Bank in Frankfurt on Monday.
Hungarian Central Bank Governor Simor Offers To Work For Ft 1
- 27 Feb 2012 8:10 AM
- business
"Central bank governor András Simor has offered to work for a symbolic Ft 1 a month until the end of his term in March 2013 on condition the government remove the ceiling on the MNB governor’s salary.
Analysts See More Rate Hikes In Hungary In 2011
- 19 Dec 2010 6:00 AM
- business
"The National Bank (MNB) will keep the base rate unchanged at 5.5%, but raise them again before very long, according to analysts surveyed by Napi Gazdasag. Takarekbank’s Gergely Suppan said the MNB will wait until early 2011 to raise rates, which will come on the heels of higher inflation figures than expected in December and January.
Fidesz To Change Central Bank Act In Hungary
- 30 Nov 2010 12:00 AM
- business
"The government intends to amend the Central Bank Act, Hungarian media sources reported. Members of the monetary council will be elected by Parliament’s economic committee, Economy Minister Gyorgy Matolcsy announced.
Bank Sector In Hungary Losing Its Competitiveness
- 24 Nov 2010 1:00 AM
- business
"The bank tax, the freeze on foreclosures and the strong Swiss franc have depressed Hungarian banks’ income-generating capacity to the extent that their ability to contribute to economic growth will decline, the national bank MNB warned in its quarterly report on financial stability.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Hungarian Banks Prepare For Intra-Day Payment
- 28 Jun 2012 9:00 AM
- business
Banks and the MNB are carrying out test runs of intra-day settlements of electronic payment orders at high volume, before a new system enters into effect on July 1, the Banking Association announced yesterday. Electronic payment orders between banks will be executed within four hours, rather than the current two or three days, from Monday.
Talks Continue On Amendments To The Act On The National Bank Of Hungary
- 6 Jun 2012 9:01 AM
- business
Mihály Varga, Minister without portfolio in charge of negotiations with the International Monetary Fund (IMF) and the EU, who swore his oath of office on Monday in Parliament, has asked the Fidesz parliamentary group to consider postponing the final vote on amendments to the Act on the National Bank of Hungary (MNB). According to the original timetable, Monday would have seen the final vote on ...
Hungarian Cabinet Withdraws Central Bank Bill
- 24 May 2012 10:50 AM
- business
The central bank bill has been taken off Parliament’s agenda, due to technical errors, and as a result will not be passed before June. The EU had said that changes to the central bank law are a precondition for talks on an IMF loan. The bill was scheduled to be submitted last Friday, but has been held back due to incorrect numbering in the references.
Ministry Submits Amendments To Hungary's Central Bank Law
- 18 Apr 2012 9:00 AM
- business
"The cabinet late Tuesday submitted to Parliament motions to strengthen the independence of the central bank, a precondition for the start of loan talks with the IMF, the Economy Ministry announced. Government representatives discussed the central bank law with the EU, the IMF, the MNB and the European Central Bank in Frankfurt on Monday.
Hungarian Central Bank Governor Simor Offers To Work For Ft 1
- 27 Feb 2012 8:10 AM
- business
"Central bank governor András Simor has offered to work for a symbolic Ft 1 a month until the end of his term in March 2013 on condition the government remove the ceiling on the MNB governor’s salary.
Analysts See More Rate Hikes In Hungary In 2011
- 19 Dec 2010 6:00 AM
- business
"The National Bank (MNB) will keep the base rate unchanged at 5.5%, but raise them again before very long, according to analysts surveyed by Napi Gazdasag. Takarekbank’s Gergely Suppan said the MNB will wait until early 2011 to raise rates, which will come on the heels of higher inflation figures than expected in December and January.
Fidesz To Change Central Bank Act In Hungary
- 30 Nov 2010 12:00 AM
- business
"The government intends to amend the Central Bank Act, Hungarian media sources reported. Members of the monetary council will be elected by Parliament’s economic committee, Economy Minister Gyorgy Matolcsy announced.
Bank Sector In Hungary Losing Its Competitiveness
- 24 Nov 2010 1:00 AM
- business
"The bank tax, the freeze on foreclosures and the strong Swiss franc have depressed Hungarian banks’ income-generating capacity to the extent that their ability to contribute to economic growth will decline, the national bank MNB warned in its quarterly report on financial stability.