The National Bank of Hungary (MNB) is the central bank of Hungary, responsible for maintaining monetary stability and overseeing the financial system. Established in 1924, it plays a crucial role in formulating and implementing the country's monetary policy, including setting interest rates and managing inflation. In addition to its monetary functions, the MNB supervises commercial banks and financial institutions to ensure their stability and compliance with regulations. The bank also manages Hungary's foreign exchange reserves and contributes to the development of the national payment system, supporting economic growth and financial stability in the country.