News in Brief
Hungary's Central Bank leaves base rate on hold
The Council also decided to keep the central bank’s O/N deposit rate at 12.5% and the O/N collateralized loan rate at 25%.
Interest Rate
I
News in Brief
Central Bank keeps base rate on hold
The Council said it was necessary to maintain tight monetary conditions over a prolonged period, “which will ensure that inflation expectations are anchored and the inflation target is achieved in...
News in Brief
Government extends cap on interest payments to cover student loans
Now one type of student loan will be capped at 4.99% from January 2023, while another will be still available interest-free for students in higher education.
News in Brief
The National Bank of Hungary keeps base rate on hold at 0.9 percent
The Monetary Council also left the O/N central bank deposit rate at 0.15 percent and the O/N collateralized loan rate at 0.90 percent at a meeting on Tuesday
News in Brief
The National Bank of Hungary’s Monetary Council lowers overnight deposit rate to -0.15%
The council said that the central bank’s 3.0 percent inflation target is expected to be achieved by the middle of 2019, one quarter later than in a projection released three months earlier
News in Brief
The National Bank of Hungary keeps base rate on hold at 0.90 percent
In a statement, the monetary council repeated its earlier stand on keeping the base rate on hold “for an extended period”, while staying prepared to ease monetary conditions with unconventional instruments
News in Brief
Hungary keeps base rate at record low
The bank also cut its overnight collateralized loan rate by 15 basis points to 0.9 percent, narrowing the interest rate corridor
News in Brief
Budapest house price surge being closely monitored
Between the first quarter of 2014 and the first quarter of 2016 the Budapest house prices jumped by more than 50 percent, while properties in the countryside rose by 20 percent
News in Brief
Higher levels of inflation may not happen in Hungary even with 'extraordinary' stimulus measures
"It is clear that there are serious structural forces at play, which contribute to inflation being this low, such as globalization and changing demographic trends," the managing director of the National Bank of Hungary has said
News in Brief
Hungary's national bank freezes low base rate
The central bank's Monetary Council said that the outlook on inflation “remains moderate for an extended period”
News in Brief
National Bank of Hungary holds record low interest rate
The bank will keep rates on hold "as long as possible" and only adjust if necessary