Hungary Interest Rate

Last Release

Mar 25, 2025

Actual

6.5

Units In

6.5

Frequency

Daily

Next Release

Apr 29, 2025

Time to Release

1 Months 2 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
28 Jan 1995	0.6 Jul 2020	10.7 %	1987-2025	National Bank of Hungary

In Hungary, interest rates decisions are taken by the Monetary Council of the Hungarian National Bank (Magyar Nemzeti Bank). The main interest rate is the central bank base rate on refinancing credit maturing over one year that the Central Bank lends to financial institutions.

Latest Updates

The National Bank of Hungary held its key interest rate at 6.50% for the sixth consecutive meeting in March, as inflationary pressures persisted, driven primarily by higher food and services costs. The overnight central bank deposit and collateralized loan rates also remained unchanged at 5.5% and 7.5%, respectively. The decision aligned with market expectations, which have largely ruled out significant rate cuts this year, anticipating just a 25 bps reduction by the end of 2025. Consumer price inflation accelerated to 5.6% in February, the highest since November 2023, while core inflation hit a 14-month high of 6.2%, both well above the central bank’s 3% target.