Following a Transparency International request, Hungary’s data protection regulator mandated the national bank to release confidential agreements, prompting Finance Minister Mihály Varga to reconsider his initial refusal.

Mihály Varga's responsibility is questioned over billions missing from the Matolcsy era.

Hungarian Finance Minister Mihály Varga explained that the central bank postponed an interest rate cut, citing the strength of the forint, improved risk premium, and inflationary risks posed by the Iran war.

Hungarian Finance Minister Mihály Varga stated that the country's economy is stronger now than in 2022. He noted that banks have ample capacity to lend, but many are reluctant to take out loans, and banking competitiveness and cost-efficiency could still improve.

After the decision of the Monetary Council of the Hungarian National Bank, Mihály Varga also spoke about hoping that the investigation initiated due to the statement of former central bank governor…

Mihály Varga stated that the central bank (MNB) should focus on its core tasks, leading to the distribution of its 1,400-piece art collection. Over a hundred artworks will be transferred to the Miskolc Museum.

The Hungarian Forint has reached its strongest level against the Euro in nearly three years, with Mihály Varga and Medián cited as potential contributing factors.

Hungary's central bank cut its base interest rate by 25 basis points to 5.75%, aligning with analyst expectations, while Finance Minister Mihály Varga expressed a desire to avoid the strong fluctuations that have characterized the Forint in recent years.

Hungary's Finance Minister, Mihály Varga, has stated that the country aims to fulfill the conditions for joining the Eurozone by approximately 2030. This announcement outlines Hungary's long-term economic integration goals within the European Union.

MNB Governor Mihály Varga stated that the Hungarian National Bank has successfully operated over the past year, focusing on its core responsibilities.

Hungarian Finance Minister Mihály Varga has expressed his willingness to support the Tisza government's economic policy, pending clarity on its details.

Hungarian National Bank Governor Mihály Varga held an introductory meeting with András Kármán, the Tisza Party's expert on budget and tax policy, to discuss the market outlook.

Central bank governor Mihály Varga The Hungarian National Bank (MNB) continues its course of monetary policy adjustment. At its February meeting, the Monetary Council voted unanimously to lower the key interest rate by 25 basis points, announced the central bank on Wednesday. This reduces Hungary’s key interest rate to 6.25 percent. The Council’s decision included […] The post Central Bank Monetary Council Votes Unanimously for Modest Rate Cut appeared first on Hungary Today.

Hungarian Finance Minister Mihály Varga and State Secretary András Kármán are exploring ways to develop the Hungarian stock market, with potential measures including abolishing transaction tax and expanding offerings, such as the long-promised IPO of MVM.

The Hungarian Forint strengthened in response to the Hungarian National Bank's interest rate cut, while Mihály Varga stated that even an immediate removal of price caps would not jeopardize price stability.

Mihály Varga, Governor of the Central Bank, stated that the Hungarian banking system demonstrates resilience in turbulent times, attributing stability to dedicated effort.

The Monetary Council of the Hungarian National Bank unanimously decided to keep the base interest rate unchanged, with Governor Mihály Varga also tempering expectations for euro adoption.

András Kármán, the economic expert for the Tisza Party, held discussions with Minister of Finance Mihály Varga on several issues.

Prime Minister Viktor Orbán, Minister Márton Nagy, and Minister Mihály Varga are speaking at the Hungarian Chamber of Commerce and Industry's annual opening event, addressing entrepreneurs a month before the elections.