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centralbankbaserate

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Monetary Council Cuts Base Rate by 25 Basis Points

D&T
Jun 18, 2024

At its meeting on June 18, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut the central bank's base rate by 25 basis points to 7.00%, lowering the two ends of the interest rate corridor by the same amount with effect from […]

Monetary Council Cuts Key ECB Interest Rate to 7.25%.

D&T
May 21, 2024

At its meeting on May 21, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut central bank interest rate by 50 basis points to 7.25%. The MNB says in a press statement that its primary objective is to achieve and maintain price […]

Central Bank Cuts Base Rate by 50 Basis Points

D&T
Apr 23, 2024

The Monetary Council of the National Bank of Hungary (MNB) cut the key ECB interest rate by 50 basis points to 7.75%, and lowered the two edges of the interest rate corridor by the same amount at its interest rate decision meeting on Tuesday. At its most recent meeting in March, the board cut the […]

National Bank Cuts Base Rate by 75 Basis Points

D&T
Dec 19, 2023

The Monetary Council of the National Bank of Hungary (MNB) cut the base rate by 75 basis points to 10.75% at its last interest rate decision meeting of the year on Tuesday, and also cut the two edges of the interest rate corridor by the same amount. Although the decision was in line with analysts' […]

MNB Lowers Central Bank Base Rate by 75 Basis Points

D&T
Nov 21, 2023

At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to lower the central bank base rate, with effect from November 22, 2023 by 75 basis points from 12.25% to 11.50%. By the evening, the Hungarian currency, the forint (HUF) weakened […]

Monetary Council Leaves Base Rate Unchanged at 13%

D&T
Sep 26, 2023

With its decision on Tuesday, the Monetary Council of the National Bank of Hungary (MNB) locked the overnight deposit rate and the base rate at 13%, and from Wednesday, the base rate will be the MNB's effective interest rate, with the overnight deposit rate to be phased out from October. This will mark the end […]

No Change in the Central Bank Base Rate

D&T
Aug 29, 2023

At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change of central bank base rates with effect from August 30, but leave it at 13.00%. At the same time, the interest rate corridor was narrowed. In the Monetary […]

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