Central bank leaves base rate on hold

Hungarian rate-setters left the central bank base rate at 0.60 percent on Tuesday, while also leaving the interest rate corridor unchanged, the National Bank of Hungary (NBH) announced.

Szijjarto calls for more EU free trade deals

Hungary urges the European Union to sign as many free trade agreements as it can over the coming period, Peter Szijjarto, the minister of foreign affairs and trade, said during a break in a meeting with his EU counterparts in Brussels on Thursday.

Analysts say contraction was milder than expected

Hungary GDP down 2.3pc y/y in Q1

Hungarian economic output contracted by an annual 2.3 percent in the first quarter, the Central Statistical Office (KSH) said in a first reading of data. The scale of the contraction was the smallest since the start of the coronavirus crisis. Hungary's annual GDP has ...

Szijjarto: Hungary rejects plans to introduce global minimum tax

Hungary will reject the introduction of a global minimum tax since such a measure would entail tax increases in the country, Peter Szijjarto, the minister of foreign affairs and trade, told MTI, after a meeting with Mathias Cormann, the incoming secretary-general of the OECD, ...

NBH policy makers could weigh rate hike in June

The Monetary Council of the National Bank of Hungary (NBH) could consider raising the base rate at a policy meeting in June, deputy governor Barnabas Virag said on Monday, Reuters reported.