Another Hungarian Central Bank Interest Rate Cut
August 25, 2026
As was expected, officials at the National Bank of Hungary cut the central bank base rate by another 25 basis points. This is the fourth such reduction so far in 2026. At 5.5%, the base rate is down from 6.5% prevailing from September 2025 until this past February and a peak of 13.0% maintained from September 2022 until an initial cut in October 2024. Consumer price inflation of 1.2% in July was a half percentage point lower than in June and at its lowest level in just short of a decade. Inflation peaked early in 2023 at 25.8%.
Copyright 2026, Larry Greenberg. All rights reserved.
Tags: Central Bank of Hungary
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