Base Rate Kept Unchanged at 6.5% by Central Bank of Hungary
- 23 Jul 2025 10:42 AM
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.
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Analysis: Electronic Payments Rise Steeply in Hungary - Is Cash Dying?
- 18 Jul 2025 5:15 PM
The number of electronic payments in Hungary climbed over 2.5 billion in 2024 to account for 42pc of all domestic transactions, an annual report released by the National Bank of Hungary (NBH) shows.
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Runner-Up in Ranking of Best-Performing Banks in Europe Goes to OTP in Hungary
- 16 Jul 2025 8:17 AM
OTP Bank, Hungary's biggest commercial lender, is runner-up in a fresh ranking of Europe's best-performing banks published by S+P Global Market Intelligence.
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Wizz Downgraded by Fitch for Poor Financial Performance and More
- 11 Jul 2025 9:36 AM
Fitch Ratings has downgraded Wizz Air’s long-term rating by one notch, from “BB+” to “BB”, citing a weak financial performance and elevated operational costs in its last financial year, the international credit-rating agency said.
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Inspection of Hungary’s Gold Reserves Completed - Some Stored in Bank of England
- 11 Jul 2025 8:32 AM
The National Bank of Hungary (NBH) has completed the inspection of its gold reserves and concluded that the 94.7 tonnes of gold is in perfect condition, the NBH said in a post on social media on Thursday.
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Analysts Assess Impact of New 3% Mortgage Scheme in Hungary
- 7 Jul 2025 10:13 AM
According to a quick analysis by financial platform Bankmonitor, the new 3% loan for first-time home buyers offers an exceptionally favourable alternative to current market rates, which are in the 6.5-8% range, and will broaden access to credit for tens of thousands of buyers.
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