165 result(s) for base rate in Business
Hungary's MNB Cuts Base Rate To New Record Low
- 28 May 2014 9:00 AM
- business
The MNB’s monetary council met analysts’ expectations yesterday by lowering the base rate from 2.5% to an all-time low of 2.4%. The rate cut was supported by the low inflation of around 0% and the strengthening forint, observed analyst Ákos Horváth of brokerage Equilor.
Hungary’s Central Bank Gov Matolcsy Sees Further Room To Manoeuvre On Rates
- 23 May 2014 9:00 AM
- business
Hungary’s central bank has room to manoeuvre on rates and there is a possibility of further small cuts, central bank governor György Matolcsy said on Thursday. He told a business event in London that the central bank’s monetary easing cycle started from a 7% base rate and it is currently at 2.5%.
Hungarian Banks Face High Costs If Government Expands Rate-Cap Scheme, Says Bank Chief
- 20 May 2014 9:00 AM
- business
Expanding the government scheme to cap the exchange rate for forex mortgage repayments may well be a good solution for troubled debtors but would cost the banking sector dearly, Mihály Patai told the press. Patai, recently re-elected as chairman of Hungary’s Banking Association, said a decision by the Kúria, Hungary’s supreme court, on forex loans expected in the autumn would raise banks’ costs, ...
Hungary’s Convergence Plan Based On 3% Growth In 2017
- 30 Apr 2014 3:59 AM
- business
The government expects an economic growth of 3% and a budget deficit of 1.9% of economic output in 2017, Economy Minister Mihály Varga said presenting Hungary’s convergence plan on Friday.
Can Hungarian Economy Grow Without Causing Imbalances?
- 25 Apr 2014 9:00 AM
- business
A respected Hungarian economist, Tamás Mellár considers the potential consequences of parliamentary elections for Hungary's economic policy and the options the new government will have to choose from.
Hungary’s Central Bank Official Hints Bank’s Profits Could Be Higher
- 19 Mar 2014 8:00 AM
- business
Hungarian banks’ profits should be neither too high nor too low in the long term, according to a paper published on the National Bank of Hungary’s website. Banking sector ROE (return on equity) of 10-12% would “best serve the development of the Hungarian economy”, NBH managing director Márton Nagy and director Balázs Vonnák wrote in the paper, titled “The 10 Measures of a Well-Functioning ...
Cutting Base Rate Further Would Entail More Risks Than Benefits In Hungary
- 15 Mar 2014 8:00 AM
- business
Although the Monetary Council has theoretical room to further cut the base rate, given the global environment and investor sentiment, another rate cut could now increase risks exponentially, rate-setter Gyula Pleschinger said in an interview to commercial Gazdasági Rádió on Friday.
Hungary’s Forint Gradual Depreciation Won’t Stop NBH Easing - Analysts
- 4 Mar 2014 8:00 AM
- business
Hungary’s central bank remains biased to ease its monetary policy further, as gradual forint depreciation is seen as net positive for growth in Hungary, London-based emerging markets economists at JP Morgan said in a report highlighting key findings of a recent trip to Budapest. A 10% forint depreciation boosted exports by 2%, notwithstanding the 80% imported content of exports, they said.
No Slowdown In Hungary's MNB Rate Cut Drive
- 19 Feb 2014 8:00 AM
- business
The MNB’s monetary council surprised observers with a larger base rate cut than expected yesterday, lowering the figure from 2.85% to 2.7%, causing the forint to weaken from 308.3 per euro to 310.
Hungary's MNB Cuts Base Rate To New Record Low
- 28 May 2014 9:00 AM
- business
The MNB’s monetary council met analysts’ expectations yesterday by lowering the base rate from 2.5% to an all-time low of 2.4%. The rate cut was supported by the low inflation of around 0% and the strengthening forint, observed analyst Ákos Horváth of brokerage Equilor.
Hungary’s Central Bank Gov Matolcsy Sees Further Room To Manoeuvre On Rates
- 23 May 2014 9:00 AM
- business
Hungary’s central bank has room to manoeuvre on rates and there is a possibility of further small cuts, central bank governor György Matolcsy said on Thursday. He told a business event in London that the central bank’s monetary easing cycle started from a 7% base rate and it is currently at 2.5%.
Hungarian Banks Face High Costs If Government Expands Rate-Cap Scheme, Says Bank Chief
- 20 May 2014 9:00 AM
- business
Expanding the government scheme to cap the exchange rate for forex mortgage repayments may well be a good solution for troubled debtors but would cost the banking sector dearly, Mihály Patai told the press. Patai, recently re-elected as chairman of Hungary’s Banking Association, said a decision by the Kúria, Hungary’s supreme court, on forex loans expected in the autumn would raise banks’ costs, ...
Hungary’s Convergence Plan Based On 3% Growth In 2017
- 30 Apr 2014 3:59 AM
- business
The government expects an economic growth of 3% and a budget deficit of 1.9% of economic output in 2017, Economy Minister Mihály Varga said presenting Hungary’s convergence plan on Friday.
Can Hungarian Economy Grow Without Causing Imbalances?
- 25 Apr 2014 9:00 AM
- business
A respected Hungarian economist, Tamás Mellár considers the potential consequences of parliamentary elections for Hungary's economic policy and the options the new government will have to choose from.
Hungary’s Central Bank Official Hints Bank’s Profits Could Be Higher
- 19 Mar 2014 8:00 AM
- business
Hungarian banks’ profits should be neither too high nor too low in the long term, according to a paper published on the National Bank of Hungary’s website. Banking sector ROE (return on equity) of 10-12% would “best serve the development of the Hungarian economy”, NBH managing director Márton Nagy and director Balázs Vonnák wrote in the paper, titled “The 10 Measures of a Well-Functioning ...
Cutting Base Rate Further Would Entail More Risks Than Benefits In Hungary
- 15 Mar 2014 8:00 AM
- business
Although the Monetary Council has theoretical room to further cut the base rate, given the global environment and investor sentiment, another rate cut could now increase risks exponentially, rate-setter Gyula Pleschinger said in an interview to commercial Gazdasági Rádió on Friday.
Hungary’s Forint Gradual Depreciation Won’t Stop NBH Easing - Analysts
- 4 Mar 2014 8:00 AM
- business
Hungary’s central bank remains biased to ease its monetary policy further, as gradual forint depreciation is seen as net positive for growth in Hungary, London-based emerging markets economists at JP Morgan said in a report highlighting key findings of a recent trip to Budapest. A 10% forint depreciation boosted exports by 2%, notwithstanding the 80% imported content of exports, they said.
No Slowdown In Hungary's MNB Rate Cut Drive
- 19 Feb 2014 8:00 AM
- business
The MNB’s monetary council surprised observers with a larger base rate cut than expected yesterday, lowering the figure from 2.85% to 2.7%, causing the forint to weaken from 308.3 per euro to 310.