Hungary
Hungary cuts as critical opposition sweep to power
National Bank of Hungary trims rates by 25 bps as opposition election victory puts central bank on collision course with incoming government; former governor expected to be named finance minister
Hungary discovers further risks to economy
National Bank of Hungary report identifies stability threats
Former Hungary governor “prepared” to return to government
Ex-National Bank of Hungary chief Zsigmond Járai says he is ready to accept a post in new government if opposition wins upcoming election
CEE more vulnerable to exchange-rate shocks
National Bank of Hungary looks at the transmission of monetary policy in Central and Eastern Europe
Hungary split on cut
Rate-setters from the National Bank of Hungary were divided over the size of the cut required, according to minutes of the October policy meeting
Hungarian regulator’s role to be amplified
Hungarian Financial Supervisory Authority will get more independence and the right to issue regulations if government proposal clears parliament
Flexible exchange rate better for welfare
Bundesbank investigates the welfare ranking of exchange rate regimes
Hungary surprises with full-point cut
National Bank of Hungary slashes borrowing costs amidst continuing economic slowdown
Former Hungarian governor frontrunner for premier
Gyorgy Suranyi, a former governor of the National Bank of Hungary, is seen as a frontrunner to become the next prime minister of the eastern European state.
MNB responds to forint sell-off
The Hungarian National Bank said it is prepared to use all the policy tools available to defend the forint, which came under pressure on foreign exchange markets last week.
Eastern Europe counters currency attacks
Four eastern European central banks have made a coordinated effort to bolster their currencies, saying recent sharp depreciations fail to reflect economic fundamentals.
NYFed hosts CDS powwow
The Federal Reserve Bank of New York has hosted a meeting of global regulatory authorities for credit-default swap central counterparties as part of a new concerted effort to formalise the trading and processing arrangement for the market.
Hungary cuts on fears of "sharp downturn"
The National Bank of Hungary on Monday lowered rates for the third time since the start of December on signs of a more severe-than-expected economic slowdown.
We should have warned Europe more: IMF's Belka
The head of the International Monetary Fund's European department has acknowledged the Fund failed to adequately warn European states of the risks from the fallout of the financial crisis.
Hungary likely to miss inflation target - governor
Hungary's central bank is likely to undershoot its inflation target, admitted the governor, Andras Simor.
Poland slashes on signs of sharp slowdown
The National Bank of Poland made its steepest cut since January 2001 on Tuesday and cautioned that the country's economy was set for a sharper-than-expected slowdown.
Hungary continues reversal of drastic hike
The National Bank of Hungary took another step towards reversing its 300 basis-point October hike on Monday, cutting its key rate by a half point.
Euro a solution for currency risk: Hungary's Simor
Euro adoption could help eliminate potentially dangerous currency mismatches, said Andras Simor, the governor of the National Bank of Hungary.
Serbia's Jelasic apprehensive on intervention
Government intervention has had little success so far in taming market sentiment, said Radovan Jelasic, the governor of the National Bank of Serbia.
IMF pledges $18.6bn to Ukraine, Iceland
The International Monetary Fund (IMF) has agreed multi-billion dollar loans with Reykjavik and Kiev, and said it is close to agreeing terms for Hungarian assistance.
Forint's slide prompts drastic hike in Hungary
The National Bank of Hungary on Wednesday hiked rates by 300 basis points to 11.5% on Wednesday after the forint's slump against the euro intensified.
ECB to loan Hungary up to €5 billion
The European Central Bank (ECB) on Thursday granted the National Bank of Hungary a €5 billion ($6.8 billion) credit line following sharp declines in the forint and local stocks the day before.
Smaller MPCs rely more on staff views
The use of staff-policy recommendations by central banks' monetary policy committees is negatively related to the size of the rate-setting board, research published by the National Bank of Hungary finds.
We've got money to burn: Hungary
The National Bank of Hungary is offering bricks made up of its cancelled banknotes for charities to burn for fuel.
