Interest Rates Have Decreased, but Another Huge Loss at the MNB

The Hungarian National Bank recorded a loss of 788.7 billion forints in 2024, which is a significant improvement compared to the negative result of 1,763.2 billion forints in 2023. At the same time, the central bank's capital position improved due to the <a href="https://www.penzcentrum.hu/arfolyam" target="_blank" rel="noopener">year-end weakening of the forint</a>, <a href="https://www.portfolio.hu/gazdasag/20250530/csokkentek-a-kamatok-de-uja…

The central bank's annual report also mentions the foundation scandal.

The Hungarian National Bank (MNB) closed 2024 with a loss of nearly 800 billion forints, according to the central bank's annual report published on Friday. Despite this, the capital situation improved somewhat due to the weakening of the forint at the end of the year, so that equity is "only" in the red by nearly 1,700 billion forints.