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A 49 billion forint surplus (EUR 120m) for May brought Hungary’s cash flow-based general government deficit to 2,548.5 billion forints at the end of the month, the finance ministry said in a preliminary release of data.
More >>The unconsolidated net profit of Hungarian banks was up 26% year-on-year to a record Ft 499 billion in the first quarter, largely driven by foreign dividend income and the halving of the extra profit tax, according to data from the MNB.
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Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.25% at a regular policy meeting.
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A new Ft 100 coin will be released on May 16, in honour of the MNB’s centenary. The obverse depicts the MNB logo and a decorative motif inspired by a 1924 share certificate, with inscriptions commemorating 100 years of a stable monetary system.
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Hungary’s consumer price index in April was 3.7% higher than the same month a year earlier, the Central Statistical Office (KSH) said.
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Hungary’s cash-flow budget deficit was 2,597.5 billion forints (EUR 6.6bn) at the end of April, the finance ministry said on Thursday in a first release of data.
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