• 05 Dec 2022

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35 result(s) for developments in Finance

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

NBH rate-setters raised the base rate by 100 basis points to 10.75% this Tuesday. The Monetary Council had raised the base rate by 200 basis points to 9.75% just two weeks earlier, taking the extraordinary measure at a non-rate-setting meeting to keep the key rate in tandem with the one-week deposit rate.
Forint Strengthens After New Base Rate Hike Up to 9.75%

Forint Strengthens After New Base Rate Hike Up to 9.75%

The forint strengthened to around 410.30 to the euro shortly after the central bank raised the base rate by 200 basis points on Tuesday.
Budapest Assembly Votes to Take Out HUF 32 Billion Loan

Budapest Assembly Votes to Take Out HUF 32 Billion Loan

The Budapest Assembly on Wednesday voted to take out a 32 billion forint (EUR 80.1m) development loan.
80% of Inflation in Hungary Due to Global Factors, Says Minister of Economic Development

80% of Inflation in Hungary Due to Global Factors, Says Minister of Economic Development

Global factors such as rising energy and grain prices account for 80% of Hungarian inflation, Márton Nagy, the minister of economic development, said in a newspaper interview published on Wednesday.
Central Bank Raises Base Rate by 50 Basis Points in Hungary

Central Bank Raises Base Rate by 50 Basis Points in Hungary

Hungarian rate-setters raised the central bank’s (NBH) base rate by 50 basis points to 5.90% at their regular policy meeting on Tuesday. The Monetary Council also expanded the two sides of the interest rate corridor by the same ratio.
Hungary’s Budget Deficit Lifted In July

Hungary’s Budget Deficit Lifted In July

Hungary’s cash flow-based budget deficit, excluding local councils, reached 1,803.7 billion forints (EUR 5.09bn) at the end of July, widening on stimulus measures, the Finance Ministry said in a preliminary release of data on Monday.
Hungary Central Bank Raises Base Rate Again

Hungary Central Bank Raises Base Rate Again

Hungarian rate-setters raised the central bank’s base rate by 30 basis points to 1.20% at a scheduled meeting on Tuesday, while they also changed the interest rate corridor.
Central Bank Leaves Base Rate on Hold Again

Central Bank Leaves Base Rate on Hold Again

Hungarian rate-setters left the central bank base rate at 0.60% on Tuesday, while also leaving the interest rate corridor unchanged, the National Bank of Hungary (NBH) announced.
2022 Budget 'Pinpoints Re-Launching Economy', Opposition Parties React

2022 Budget 'Pinpoints Re-Launching Economy', Opposition Parties React

The 2022 budget is devoted to re-launching Hungary’s economy, Mihály Varga, the finance minister, said during a presentation of the draft budget to lawmakers.
Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

NBH rate-setters raised the base rate by 100 basis points to 10.75% this Tuesday. The Monetary Council had raised the base rate by 200 basis points to 9.75% just two weeks earlier, taking the extraordinary measure at a non-rate-setting meeting to keep the key rate in tandem with the one-week deposit rate.
Forint Strengthens After New Base Rate Hike Up to 9.75%

Forint Strengthens After New Base Rate Hike Up to 9.75%

The forint strengthened to around 410.30 to the euro shortly after the central bank raised the base rate by 200 basis points on Tuesday.
Budapest Assembly Votes to Take Out HUF 32 Billion Loan

Budapest Assembly Votes to Take Out HUF 32 Billion Loan

The Budapest Assembly on Wednesday voted to take out a 32 billion forint (EUR 80.1m) development loan.
80% of Inflation in Hungary Due to Global Factors, Says Minister of Economic Development

80% of Inflation in Hungary Due to Global Factors, Says Minister of Economic Development

Global factors such as rising energy and grain prices account for 80% of Hungarian inflation, Márton Nagy, the minister of economic development, said in a newspaper interview published on Wednesday.
Central Bank Raises Base Rate by 50 Basis Points in Hungary

Central Bank Raises Base Rate by 50 Basis Points in Hungary

Hungarian rate-setters raised the central bank’s (NBH) base rate by 50 basis points to 5.90% at their regular policy meeting on Tuesday. The Monetary Council also expanded the two sides of the interest rate corridor by the same ratio.
Hungary’s Budget Deficit Lifted In July

Hungary’s Budget Deficit Lifted In July

Hungary’s cash flow-based budget deficit, excluding local councils, reached 1,803.7 billion forints (EUR 5.09bn) at the end of July, widening on stimulus measures, the Finance Ministry said in a preliminary release of data on Monday.
Hungary Central Bank Raises Base Rate Again

Hungary Central Bank Raises Base Rate Again

Hungarian rate-setters raised the central bank’s base rate by 30 basis points to 1.20% at a scheduled meeting on Tuesday, while they also changed the interest rate corridor.
Central Bank Leaves Base Rate on Hold Again

Central Bank Leaves Base Rate on Hold Again

Hungarian rate-setters left the central bank base rate at 0.60% on Tuesday, while also leaving the interest rate corridor unchanged, the National Bank of Hungary (NBH) announced.
2022 Budget 'Pinpoints Re-Launching Economy', Opposition Parties React

2022 Budget 'Pinpoints Re-Launching Economy', Opposition Parties React

The 2022 budget is devoted to re-launching Hungary’s economy, Mihály Varga, the finance minister, said during a presentation of the draft budget to lawmakers.