319 result(s) for nbh
Parl CTTEE Approves Changes To CBank Law In Line With Top Court Ruling
- 22 Apr 2016 9:00 AM
- current affairs
Parliament’s legislation committee approved changes to a draft amendment to the central bank law, which aims to bring the legislation in line with a recent top court ruling raising concerns over data secrecy measures. The changes proposed by Erik Bánki, a lawmaker for Fidesz, would remove passages from the law that gave foundations owned by the central bank the right to restrict access to their ...
Central Bank Pledges To Respect Top Court’s Ruling On Foundations
- 4 Apr 2016 9:00 AM
- business
The National Bank of Hungary (NBH) respects the ruling of the Constitutional Court and its foundations will disclose all data it is requested to make public, Deputy Governor Márton Nagy said. The top court ruled on Thursday that amendments to the law governing the central bank that give the NBH the legal power to decline public information requests concerning companies that support its ...
Top Court Says NBH Data Disclosure Amendments Unconstitutional
- 1 Apr 2016 9:00 AM
- business
Hungary’s Constitutional Court has ruled that amendments to the law governing the central bank that give the National Bank of Hungary the legal power to decline public information requests concerning companies that support its activities, or to classify such information with retroactive effect, are unconstitutional. In its ruling the top court noted that the central bank does a public service and ...
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
NBH Deputy Governor Says Cutting Key Rate This Year Very Likely
- 11 Mar 2016 8:00 AM
- business
It is “very likely” that the central bank will cuts its key rate— currently 1.35%—this year, National Bank of Hungary (NBH) deputy governor Márton Nagy said at a conference of business weekly Figyelő. Nagy said the risk of the NBH missing its CPI target is great under current monetary conditions, Hungary instantly imports low external CPI, inflation expectations have never been this low and risk ...
Parties React To Central Bank Law
- 2 Mar 2016 8:00 AM
- current affairs
Fidesz group leader Lajos Kósa, asked at the press conference why the assets of the central bank’s foundations would no longer be considered as public funds, the funds donated by the founder would “lose their earlier character” and become “foundation money”.
EC Clears Mark For Operation
- 11 Feb 2016 8:00 AM
- business
The European Commission has authorised the operation of the Hungarian Reorganisation and Receivables Management Company (MARK), established by the National Bank of Hungary (NBH) last November to buy bad commercial real estate loans and properties from banks, the central bank said.
Regulator Lets Investors Doublecheck Account Balances
- 5 Feb 2016 8:00 AM
- business
Clients of investment companies doing business in Hungary are now able to check their securities and equities account statements against data compiled by the market regulator, the National Bank of Hungary’s deputy governor in charge of oversight told journalists.
Hungary’s Central Bank Keeps Key Rate On Hold
- 27 Jan 2016 8:00 AM
- business
Hungarian rate setters kept the base rate on hold at 1.35% on Tuesday. The decision was in line with the expectations of analysts. The Monetary Council has kept the base rate on hold since signalling an end to an easing cycle at a policy meeting in July 2015. In a statement released shortly after the rate-setting meeting the Council said the annual inflation rate increased, while core inflation ...
Parl CTTEE Approves Changes To CBank Law In Line With Top Court Ruling
- 22 Apr 2016 9:00 AM
- current affairs
Parliament’s legislation committee approved changes to a draft amendment to the central bank law, which aims to bring the legislation in line with a recent top court ruling raising concerns over data secrecy measures. The changes proposed by Erik Bánki, a lawmaker for Fidesz, would remove passages from the law that gave foundations owned by the central bank the right to restrict access to their ...
Central Bank Pledges To Respect Top Court’s Ruling On Foundations
- 4 Apr 2016 9:00 AM
- business
The National Bank of Hungary (NBH) respects the ruling of the Constitutional Court and its foundations will disclose all data it is requested to make public, Deputy Governor Márton Nagy said. The top court ruled on Thursday that amendments to the law governing the central bank that give the NBH the legal power to decline public information requests concerning companies that support its ...
Top Court Says NBH Data Disclosure Amendments Unconstitutional
- 1 Apr 2016 9:00 AM
- business
Hungary’s Constitutional Court has ruled that amendments to the law governing the central bank that give the National Bank of Hungary the legal power to decline public information requests concerning companies that support its activities, or to classify such information with retroactive effect, are unconstitutional. In its ruling the top court noted that the central bank does a public service and ...
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
NBH Deputy Governor Says Cutting Key Rate This Year Very Likely
- 11 Mar 2016 8:00 AM
- business
It is “very likely” that the central bank will cuts its key rate— currently 1.35%—this year, National Bank of Hungary (NBH) deputy governor Márton Nagy said at a conference of business weekly Figyelő. Nagy said the risk of the NBH missing its CPI target is great under current monetary conditions, Hungary instantly imports low external CPI, inflation expectations have never been this low and risk ...
Parties React To Central Bank Law
- 2 Mar 2016 8:00 AM
- current affairs
Fidesz group leader Lajos Kósa, asked at the press conference why the assets of the central bank’s foundations would no longer be considered as public funds, the funds donated by the founder would “lose their earlier character” and become “foundation money”.
EC Clears Mark For Operation
- 11 Feb 2016 8:00 AM
- business
The European Commission has authorised the operation of the Hungarian Reorganisation and Receivables Management Company (MARK), established by the National Bank of Hungary (NBH) last November to buy bad commercial real estate loans and properties from banks, the central bank said.
Regulator Lets Investors Doublecheck Account Balances
- 5 Feb 2016 8:00 AM
- business
Clients of investment companies doing business in Hungary are now able to check their securities and equities account statements against data compiled by the market regulator, the National Bank of Hungary’s deputy governor in charge of oversight told journalists.
Hungary’s Central Bank Keeps Key Rate On Hold
- 27 Jan 2016 8:00 AM
- business
Hungarian rate setters kept the base rate on hold at 1.35% on Tuesday. The decision was in line with the expectations of analysts. The Monetary Council has kept the base rate on hold since signalling an end to an easing cycle at a policy meeting in July 2015. In a statement released shortly after the rate-setting meeting the Council said the annual inflation rate increased, while core inflation ...