Hungarian National Bank
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.
Hungarian National Bank building on Liberty Square (Budapest) | |
| Headquarters | Liberty Square, Budapest, Hungary |
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| Coordinates | 47°30′13″N 19°3′7″E |
| Established | 24 June 1924 |
| Ownership | 100% state ownership |
| Governor | György Matolcsy |
| Central bank of | Hungary |
| Currency | Hungarian forint HUF (ISO 4217) |
| Reserves | $41.3 billion |
| Bank rate | 11.50% (November 2023) |
| Interest on reserves | 0.90% (May 2016) |
| Interest paid on excess reserves? | Yes |
| Preceded by | Austro-Hungarian Bank |
| Website | www |
| Part of a series on financial services |
| Financial regulation |
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| Public finance |
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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.