Budapest, December 8, 2025 — Hungary’s competition authority GVH and the Hungarian National Bank (MNB) have agreed to strengthen their cooperation to support price stability and improve oversight of market conduct, following a high-level meeting between the two institutions.
GVH President Csaba Balázs Rigó and MNB Governor Mihály Varga reviewed the agencies’ joint work in competition statistics and consumer protection, noting that market competition in key sectors mirrors patterns seen in Western Europe. Senior officials from both sides attended the meeting at the MNB’s headquarters.
Focus on Inflation and Market Conduct
Rigó said the GVH remains committed to tackling market behavior that fuels inflation and stands ready to intervene decisively alongside the central bank. The meeting highlighted the recent appreciation of the forint against the euro and the US dollar, and the two authorities agreed that retailers should adjust prices of imported goods to reflect the currency’s strengthened value.
The institutions discussed possible joint actions — including market studies and analytical tools — to ensure that the benefits of a stronger forint are passed through to consumers.
Strengthened Institutional Ties
MNB Governor Varga said the two bodies would put their cooperation on a new footing to support inflation reduction, adding that joint research and analysis would enhance transparency and help identify distortions in market competition.
The GVH and MNB will update and expand their 2020 cooperation agreement in the coming months to deepen their collaboration on market monitoring, analysis, and consumer-protection matters.
