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National Economy Minister Marton Nagy said banking services were overpriced and augured a further consolidation in the sector in a post on Facebook on Tuesday.
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Members of the Monetary Council of the National Bank of Hungary (NBH) agreed that maintaining a positive real interest rate ensured the sustainable achievement of the inflation target, the minutes from a monthly policy meeting in January show.
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The scope for double-digit wage increases in Hungary is narrowing rapidly: in 2024 some 31% of employers granted raises of more than 10%; by 2025 that share had fallen to 10%, according to Hays Hungary’s Salary Guide 2026.
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The government has once again raided Budapest's account, seizing 11.7 billion forints, Gergely Karacsony, the city's mayor, said in a post on Facebook.
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The monthly limit for free cash withdrawals has risen to Ft 300,000, up from Ft 150,000, effective 1 February. Retail clients may take up to Ft 300,000 in cash from a single bank account in up to two withdrawals a month. Any further withdrawals will be subject to the financial transaction tax.
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The value of financial fraud in Hungary is on the decline, but still high, at around HUF 5bn per quarter, Lajos Bartha, a managing director at the National Bank of Hungary (NBH) said at a conference in Budapest.
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