The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at 6.25% at a monthly policy meeting on Tuesday, MTI reports.
The Council also left the O/N deposit rate at 5.25% and the O/N collateralized loan rate at 7.25%. The rates mark the ends of the central bank's symmetric interest rate corridor.
In a statement released after the meeting, the Council said the inflation outlook had "improved significantly," but the uncertain global economic environment warranted "a careful and patient approach" to monetary policy.
"In the Council’s assessment, price stability can be achieved through tight monetary conditions," they added.
The rate-setters highlighted the importance of maintaining the stability of domestic financial markets, especially the foreign exchange market, for anchoring inflation expectations and achieving price stability.
The Council said uncertainty surrounding the inflation outlook could ease in light of incoming data and information on economic policy in the coming period, adding that all factors shaping the inflation trajectory would be assessed in the central bank's next Inflation Report to be published in June.
"The Council is constantly assessing the impact of incoming macroeconomic data and financial market developments on the inflation outlook, as well as the persistence of the decrease in risk premia, based on which it will take decisions on the level of the base rate in a cautious and data-driven manner," according to the statement.
Top 5 Articles
What Awaits the Hungarian Economy in 2026 and 2027? April 24, 2026 - 'Recharge' Campaign Launched to Boost Domestic Tourism January 21, 2026
- Hungary’s Growth Stalls as Inflation Returns to Target Range February 6, 2026
- Business, Consumer Confidence at Two-Year High in April April 23, 2026
- Consolidating the Good Bilateral Relations May 10, 2026
