News in Brief
Central bank rate-setters reduce base rate by 75 basis points
The NBH has lowered its forecast for 2024 average annual inflation to 3.5-5.0% from 4.0-5.5% in the previous report.
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News in Brief
NBH rate-setters cut base rate by 100 basis points
Central bank deputy governor Barnabás Virág said lower-than-expected inflation and improved risk perceptions had allowed for the “temporary” acceleration in the easing cycle from 75bp cuts at the previous policy...
News in Brief
NBH cuts base rate by 75 basis points
The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 9.00% and the O/N collateralised loan rate to 11.00%.
News in Brief
NBH cuts base rate by 75 basis points to 10.75%
The NBH forecasts average annual inflation of 17.6-17.7% for 2023, 4.0-5.5% in 2024 and 2.5-3.5% in 2025.
News in Brief
NBH rate-setters cut base rate by 75 basis points
NBH deputy governor Barnabás Virág had flagged a 75 bp cut — the same as at the policy meeting in October — days earlier.
News in Brief
Hungary's Central Bank rate-setters cut base rate by 75 basis points to 12.25%
The Monetary Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 11.25% and the O/N collateralised loan rate to 13.25%.
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NBH: Monetary policy must remain stringent until risks decline
Barnabás Virág said Hungary’s economy had managed to “avoid grave scenarios” and growth remained above the European Union average.
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Central bank raises base rate by 50 basis points to 3.40%
The Council said inflation risks warrant a further tightening of monetary conditions.
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Central bank rate-setters hike base rate to 2.40%
The National Bank of Hungary’s Monetary Council also raised both sides of the interest rate corridor by 30 basis points to 4.4 percent.
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Central Bank raises base rate to 1.65 percent
The council also decided on Tuesday to raise the O/N deposit rate by 15bp to 0.70 percent and the O/N and one-week collateralized loan rates by 15bp to 2.6 percent.
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Hungary's central bank raises base rate to 1.50 percent
The Council also decided on 30 basis point base rate hikes at policy meetings in June and July, amid spiking inflation.
News in Brief
Hungarian rate-setters raise central bank’s base rate by 30 BPS
They also changed the interest rate corridor to between minus 0.25 and 2.15 percent.
News in Brief
NBH cuts base rate to 0.75 percent
The Council referred to the rate cut as a “fine-tuning measure” that “supports the maintenance of price stability and the recovery of economic growth”.