Hungarian National Bank

Magyar Nemzeti Bank

Hungarian National Bank building on Liberty Square (Budapest)
Headquarters	Liberty Square, Budapest, Hungary
Coordinates	47°30′13″N 19°3′7″E / 47.50361°N 19.05194°E / 47.50361; 19.05194
Established	24 June 1924; 100 years ago (1924-06-24)
Ownership	100% state ownership[1]
Governor	György Matolcsy
Central bank of	Hungary
Currency	Hungarian forint HUF (ISO 4217)
Reserves	$41.3 billion
Bank rate	11.50% (November 2023)[2]
Interest on reserves	0.90% (May 2016)
Interest paid on excess reserves?	Yes
Preceded by	Austro-Hungarian Bank
Website	www.mnb.hu

Public finance
Policies Agricultural Economic Energy Industrial Investment Social Trade Fiscal Monetary Policy mix
Fiscal policy Budget policy Debt internal Deficit / surplus Finance ministry Fiscal union Revenue Spending deficit Tax
Monetary policy Bank reserves requirements Discount window Gold reserves Interest rate Monetary authority central bank currency board Monetary base Monetary (currency) union Money supply
Trade policy Balance of trade Free trade Gains from trade Non-tariff barrier Protectionism Tariff Trade bloc Trade creation Trade diversion Trade / commerce ministry
Revenue Spending Non-tax revenue Tax revenue Discretionary spending Mandatory spending
Optimum Balanced budget Economic growth Price stability
Reform Fiscal adjustment Monetary reform
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The Hungarian National Bank (Hungarian: Magyar Nemzeti Bank, MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank, under the economic assistance provided to Hungary by the Economic and Financial Organization of the League of Nations. The bank calls itself the Magyar Nemzeti Bank in its English communications and occasionally clarifies that name with the expression the central bank of Hungary. The bank doesn't call itself the Hungarian National Bank in English.

The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the Hungarian forint, controlling the money in circulation, setting the Central Bank base rate, publishing official exchange rates, and managing the foreign-exchange reserves and gold to influence exchange rates.