Currency

The Monetary Council Left The Bank Rate Unchanged at 9.5 Pct

At its meeting on 25 May 2009, the Monetary Council reviewed the latest economic and financial developments and voted to leave the central bank base rate unchanged at 9.5 pct.


PRESS MONITOR

Reuters Wed May 20, 2009
Hungarian Bank OTP on track for to hit year profit target-CFO
http://www.reuters.com/article/rbssBanks/idUSBSB00173920090520


Hungary Investment Fund Assets Slip Half a Percent in April - BAMOSZ

Assets in Hungarian investment funds fell about 0.5 pct to HUF 2,479 billion in April, the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) said on May 11.


Limitations on the Unilateral Amendment of Bank Loan Agreements

Hungary’s Official Gazette summarized and interpreted the new legislation limiting the right of the banks in Hungary to unilaterally amend bank loans to the burden of private and entrepreneurial debtors.


Hungary Central Bank Leaves Rates Unchanged at 9.5 Pct

At its meeting on 20 April 2009, the Monetary Council reviewed the latest economic and financial developments and left the central bank base rate unchanged at 9.50 pct.

 


The Players of the Real Estate Market Advert the Movements of the Hungarian Forint

All players of the real estate market pay great attention to the movements of the exchange rate of the Hungarian Forint versus other currencies.

 


The Monetary Council’s Statement on Financial Stability

Hungary could not remain unaffected by the negative influences of the global economic crisis, due to the high degree of openness and deep financial and trade integration of the economy.

 


Joint Programs for the Development of Financial Culture

 

With the aim of developing financial culture, the Hungarian Competition Authority (GVH), the National Bank of Hungary (MNB) and the Hungarian Financial Supervisory Authority (PSZÁF) have signed a cooperation agreement for an indefinite term.

 

 


External Balance Improvement under External Pressure

The global economic crisis pushed the Hungarian economy onto a new development path.


Hungary’s Preliminary Financial Accounts Data: 2008 Q4

According to financial accounts data, general government net borrowing was 3.4 pct  of GDP in 2008.


News Monitoring