Hungarian National Bank
Central Bank Interest Rates Back in the Spotlight
June 20, 2023
Tuesday has been a more active day in financial markets than Monday, with the return of U.S. leadership after yesterday’s Juneteenth holiday. The dollar has been mixed, dropping 0.3% against the yen and 0.1% versus the euro but advancing 1.0% relative to the Australian currency, 0.5% vis-a-vis the kiwi, 0.4% against the Turkish lira, 0.3% […] More
Size of Hungarian Central Bank Interest Rate Hike Increased Sharply
June 29, 2022
In Hungary, Magyar Nemzeti Bank’s base rate has been lifted by a greater-than-forecast 185 basis points to 7.75%. This was the 13th straight monthly tightening of monetary policy and surprised analysts because the 50-basis point rise done in May had been only half the size of the previous two increases. The pandemic low basie rate level […] More
Hungarian National Bank
October 16, 2018
As expected Hungary’s central bank rates were left unchanged at the monthly policy review. The last Base Rate Change was a reduction of 15 basis points to 0.90% in May 2016, and the last change in the overnight deposit rate was a 10-basis point cut to -0.15% made in September 2017. A released statement projects […] More
Magyar Nemzeti Bank Cuts Reserve Requirement
October 25, 2016
Hungary’s central bank left its base rate at 0.90% and its overnight deposit rate at -0.05% but cut its overnight lending rate by 10 basis points to 1.05% and its reserve requirement in half to 1%. A released statement projects growth around 3%, observes continuing spare capacity and sub-target inflation, and predicts a gradually rising inflation […] More
