The Central Bank

The Magyar Nemzeti Bank (MNB) 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). EU integration is of high priority for the MNB, so the accession to the European Union had great importance in the life of the institution. At present, the work of the MNB is mainly determined by carrying out the duties resulting from EU membership at a high professional level, and by getting prepared for the prospective entry to the euro area.

The Magyar Nemzeti Bank is the central bank of Hungary. The MNB is a member of the European System of Central Banks. The MNB and the members of its decision-making bodies shall be independent in carrying out the tasks and meeting their obligations conferred upon them by the MNB Act, and shall neither seek nor take instructions from the Government, the institutions and bodies of the European Union, the governments of its Member States and any other bodies, except from the European Central Bank.