Stock of cash, deposits and securities in the reserves rose by EUR 768bn to EUR 41.461bn, while stock of "other reserve instruments" increased EUR 1.258bn to EUR 2.928bn.

The value of monetary gold in the reserves fell EUR 111m to EUR 13.978bn. Stock of IMF SDRs stood at EUR 1.910bn.

The reserves were EUR 10.387bn higher than at the end of 2025.

Meanwhile, Eurozone accession not 'end in itself' - Varga

Meeting the criteria necessary for joining the eurozone is in Hungary's interest, but adopting the common currency should not be seen as "an end in itself", Mihaly Varga, the governor of the National Bank of Hungary (NBH), said at a conference in Budapest on Monday.

Opening the 11th Lamfalussy Conference, Varga said the time for Hungary to join the eurozone would come when the country's economy could maximise the benefits of adopting the common currency, while minimising the risk stemming from a fixed exchange rate mechanism and a unified monetary policy.

Achieving and maintaining price stability remains the primary goal of the NBH, while strengthening financial stability and economic resilience are also important tasks, he said.

He noted that CPI had been brought down to the central bank's 3pc +/-1pp tolerance bank, while the forint had firmed from around 410 to under 360 against the euro.

Adam Glapinski, the head of Poland's central bank and the recipient of this year's Lamfalussy Sandor Prize, pinned the decline in Europe's economic weight and competitiveness on overregulation and high energy prices.

Martin Kocher, the governor of Austria's central bank, said the euro had become one of the most important currencies in the world over the past 25 years and was now an important stabilising factor in the European economy.

The lecture series is named after the Hungarian-born Alexandre Lamfalussy, the "father of the euro".

MTI Stock Photo

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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