News in Brief
NBH rate-setters cut base rate by 25 basis points
The Council said inflation data was consistent with the projection in the June Inflation Report.
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News in Brief
Central bank cuts base rate by 25 basis points
The council also acknowledged that the inflation outlook had improved in the past quarter.
News in Brief
NBH rate-setters cut base rate by 50 basis points to 7.25%
At a regular policy meeting on Tuesday, the Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.25% and the O/N...
News in Brief
NBH rate-setters cut base rate by 50 basis points to 7.75%
The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
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.
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 meetings.
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%.
News in Brief
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.
News in Brief
Central bank raises base rate by 50 basis points to 3.40%
The Council said inflation risks warrant a further tightening of monetary conditions.
News in Brief
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.