ECB and National Bank of Serbia set up repo line Repo line to remain in place until June 2021, unless an extension is decided Size of repo line set at €1 billion The European Central Bank (ECB) and Народна банка Србије (National Bank of Serbia) have agreed to set up a repo line arrangement to […]
Ongoing impact of coronavirus (COVID-19) pandemic reflected in the macroeconomic expectations reported in the latest ECB Survey of Professional Forecasters HICP inflation expectations revised down for 2021 and 2022, and also for longer term Real GDP growth expectations revised towards sharper downturn in 2020 and slightly steeper recovery in subsequent years Expectations for peak in […]
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates […]
The number of guest nights spent in the country is growing fast, Zoltán Guller, the head of the Hungarian Tourism Agency, said.
Today (16th July), the price of petrol is rising by 3 HuF in Hungary.
Construction output in Hungary fell by an annual 20.1% in May, the Central Statistical Office (KSH) said.
Credit standards for loans to firms remain favourable, supported by fiscal and monetary measures Surge in firms’ demand for loans continues to reflect emergency liquidity needs Credit standards for loans to households tighten further Credit standards – i.e. banks’ internal guidelines or loan approval criteria – remained broadly unchanged for loans to enterprises (see Chart […]
In the week ending 10 July 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 2.3 billion to EUR 321.7 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) fell […]
Industrial output in May was 30.7% lower than a year earlier, after a 36.8% contraction in April, the Central Statistical Office (KSH) said in a second estimate.
Should UK retailer Tesco decide to sell its more than 200 stores in Hungary, a local company, rather than a foreign multinational, is the likelier buyer because of competition rules, daily Magyar Nemzet said.
