Hungary’s central bank indicated this week it was planning to raise interest rates amid widespread market expectations for policy makers to affirm rate-hike plan. The interest rate hike, needed to stem soaring inflation, would be the first in the European Union since the outbreak of the pandemic. The National Bank of Hungary said this week […]

The National Bank of Hungary left its monetary policy unchanged at this year’s last meeting of the Monetary Policy Council in a signal that rate-setters are applying caution in light of continued risks to global investor sentiment and a resurgence of the coronavirus pandemic. While a slowdown in inflation and a rally in the forint […]

In Hungary, the rate of inflation will reach 3% percent, consistent with price stability. That inflation target in the prognosis of the National Bank of Hungary's inflation report is expected to be achieved in a sustainable manner by the middle of 2019.

The National Bank of Hungary will continue its program of upgrading Hungarian forint banknotes . As part of the program. The Bank says it will issue into circulation an upgraded 1,000-forint note with new design elements and new security features.

The National Bank of Hungary (MNB) has warned that as of this Tuesday, only the new 2,000 and 5,000 forint banknotes will be accepted in stores. On July 31, the central bank has withdrawn from circulation old notes that had been issued before 2016.

At its meeting on 28 August, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 25 basis points from 7.00% to 6.75%, with effect from 29 August 2012.

The Monetary Council of the National Bank of Hungary increased the prime interestó rate by 25 basis points to 5.5 percent on Monday with effect from November 30. The base rate had stood at 5.25 percent since April 27.