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Central Bank Base Rate Remains Unchanged in Hungary at 6.50% - Here's Why

Central Bank Base Rate Remains Unchanged in Hungary at 6.50% - Here's Why

  • 19 Nov 2024 4:58 PM
  • finance
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.
Over 400 Euro: Forint Slips Further

Over 400 Euro: Forint Slips Further

The forint weakened further on Thursday, after slipping past 400 to the euro on Wednesday.
Bank-Transfer Fraud Update: Cybershield Programme Extended in Hungary Until 2027

Bank-Transfer Fraud Update: Cybershield Programme Extended in Hungary Until 2027

Although the value of damages caused by bank-transfer fraud decreased in 2023, further efforts are necessary and the participants of the CyberShield programme are extending their cooperation until 2027, National Bank of Hungary (NBH) deputy director governor Csaba Kandracs has said.
EC to Withhold Euro 20 Billion from Hungary - Until it

EC to Withhold Euro 20 Billion from Hungary - Until it "Fulfils All Requirements"

While Hungary has fulfilled requirements on judicial reform, the EU will continue to withhold some 20 billion euros of cohesion funds until other concerns are addressed, Ursula von der Leyen, the European Commission president said.
Jolly Joker: Currency Trader Fined Millions of Forints by Hungarian National Bank

Jolly Joker: Currency Trader Fined Millions of Forints by Hungarian National Bank

The MNB has fined Jolly Joker Ft 12.5 million because the currency exchange network operator continued its activity after its licence expired as it lost its agency contract with a bank, the financial supervisory announced.
Dismal Picture On Releasing EU Funds for Hungary Painted by EU Budget Commissioner

Dismal Picture On Releasing EU Funds for Hungary Painted by EU Budget Commissioner

The European Commission’s negotiations with Hungary on releasing EU funds have made little progress recently, while major issues still remain unresolved, EU Budget Commissioner Johannes Hahn told the European Parliament.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Hungary's Economy Among Fastest Growing in EU, Claims Finance Minister

Hungary's Economy Among Fastest Growing in EU, Claims Finance Minister

Hungary’s economy has been growing despite the extended war, with 6.5% increase in the second quarter of this year which is over 50% more than the European Union average, the finance minister said on Facebook.
Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary

Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary

The National Bank of Hungary (NBH) said it will make scrutinising changes to lenders’ fees a “priority” as banks pay a windfall tax and the transactions duty is extended.
Central Bank Base Rate Remains Unchanged in Hungary at 6.50% - Here's Why

Central Bank Base Rate Remains Unchanged in Hungary at 6.50% - Here's Why

  • 19 Nov 2024 4:58 PM
  • finance
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.
Over 400 Euro: Forint Slips Further

Over 400 Euro: Forint Slips Further

The forint weakened further on Thursday, after slipping past 400 to the euro on Wednesday.
Bank-Transfer Fraud Update: Cybershield Programme Extended in Hungary Until 2027

Bank-Transfer Fraud Update: Cybershield Programme Extended in Hungary Until 2027

Although the value of damages caused by bank-transfer fraud decreased in 2023, further efforts are necessary and the participants of the CyberShield programme are extending their cooperation until 2027, National Bank of Hungary (NBH) deputy director governor Csaba Kandracs has said.
EC to Withhold Euro 20 Billion from Hungary - Until it

EC to Withhold Euro 20 Billion from Hungary - Until it "Fulfils All Requirements"

While Hungary has fulfilled requirements on judicial reform, the EU will continue to withhold some 20 billion euros of cohesion funds until other concerns are addressed, Ursula von der Leyen, the European Commission president said.
Jolly Joker: Currency Trader Fined Millions of Forints by Hungarian National Bank

Jolly Joker: Currency Trader Fined Millions of Forints by Hungarian National Bank

The MNB has fined Jolly Joker Ft 12.5 million because the currency exchange network operator continued its activity after its licence expired as it lost its agency contract with a bank, the financial supervisory announced.
Dismal Picture On Releasing EU Funds for Hungary Painted by EU Budget Commissioner

Dismal Picture On Releasing EU Funds for Hungary Painted by EU Budget Commissioner

The European Commission’s negotiations with Hungary on releasing EU funds have made little progress recently, while major issues still remain unresolved, EU Budget Commissioner Johannes Hahn told the European Parliament.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Hungary's Economy Among Fastest Growing in EU, Claims Finance Minister

Hungary's Economy Among Fastest Growing in EU, Claims Finance Minister

Hungary’s economy has been growing despite the extended war, with 6.5% increase in the second quarter of this year which is over 50% more than the European Union average, the finance minister said on Facebook.
Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary

Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary

The National Bank of Hungary (NBH) said it will make scrutinising changes to lenders’ fees a “priority” as banks pay a windfall tax and the transactions duty is extended.