Monetary policy - Diplomacy & Trade

National Bank Raises Base Rate by 100 Points

D&T — Tue, 22 Mar 2022 14:24:00 +0000

The Monetary Council of the National Bank of Hungary (MNB) raised the base rate by 100 basis points to 4.4% this Tuesday, and pushed up the interest rate corridor by a similar amount. MNB says in a statement that its primary objective is to achieve and maintain price stability. Without prejudice to its primary objective, […]

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Hungary’s Central Bank Lays Groundwork for Monetary Tightening

D&T — Fri, 28 May 2021 07:08:41 +0000

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 […]

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Hungarian Central Bank Ends Year on Cautious Note

D&T — Fri, 18 Dec 2020 08:47:43 +0000

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 […]

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National bank inflation forecast

D&T — Tue, 26 Dec 2017 23:00:00 +0000

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.

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Upgraded banknote to appear in Hungary

D&T — Tue, 22 Aug 2017 23:00:00 +0000

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.

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Two Hungarian banknotes out of circulation

D&T — Mon, 31 Jul 2017 23:00:00 +0000

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.

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Hungarian National Bank cuts prime interest rate

D&T — Mon, 27 Aug 2012 23:00:00 +0000

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.

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Hungarian prime interest rate raised

D&T — Sun, 28 Nov 2010 23:00:00 +0000

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.

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