Hungary Interest Rate Decision
The Monetary Council of the Hungarian National Bank (Magyar Nemzeti Bank) is in charge of making interest rate decisions in Hungary. It is the central bank's base rate on refinancing loans with a maturity of more than one year that the Central Bank lends to financial institutions that are the primary interest rate.
A higher than expected figure should be seen as positive (bullish) for the HUF while a lower than expected figure should be seen as negative (bearish) for the HUF.
Forex Sentiment (HUF)
News (HUF)
Hungary Holds Base Rate Steady At 13%, Slashes Lending Rate By 450 Bps
The Hungarian central bank left its key interest rate unchanged on Tuesday, but slashed the overnight lending rate, which was raised significantly in October last year amid the financial market turbulence, as policymakers assessed that the inflation risks are manageable and the financial market concerns have subsided.
RTTNews | 380 days ago
Hungary Tightens Monetary Policy To Combat High Inflation, External Pressures
Hungary's central bank took extraordinary measures on Friday to support the weakening forint after Prime Minister Viktor Orban urged the finance minister and the central bank governor to curb inflation that hit a 26-year high in September. The Monetary Council of the National Bank of Hungary decided to raise the upper bound of the interest rate corridor, leaving the base rate unchanged at 13.0 pe
RTTNews | 573 days ago
