Hungary Interest Rate

Last Release

Jan 27, 2026

Actual

6.5

Units In

6.5

Frequency

Daily

Next Release

Feb 24, 2026

Time to Release

25 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
28 Jan 1995	0.6 Jul 2020	10.62 %	1987-2026	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 kept its key interest rate at 6.5% in its January 2026 meeting, as expected by markets, to maintain the cutting cycle that ended in September of 2024. The unchanged monetary policy setting was despite its guidance change in the previous meeting, which dropped the rhetoric of ruling out rate cuts to signaling it will make decisions on a meeting-by-meeting basis. The latest data showed that inflation slowed to a 14-month low of 3.3% in December, close to the mid-point of the NBU's target range of 3%. Still, services inflation in the period soared to 6.8%, paring the outlook of imminent cuts for the central bank.