The MNB's Interest Rate Decision Is Here!
11 Articles
11 Articles
The MNB began reducing the base rate in June, and then reduced it further on two occasions.
On Tuesday, the Monetary Council of the Hungarian National Bank (MNB) left the base rate at 5.5%, so the central bank is waiting for the time being after the summer “mini interest rate cut cycle.” However, we have not yet received answers to the most important questions, but the MNB's latest forecast may be revealed soon, and they may even announce a reduction in the inflation target.
At the same time, Mihály Varga and his colleagues left the base rate unchanged.
The MNB has set a new inflation target: the medium-term target is 2.5 percent from January 1, 2028.
The MNB Monetary Council did not change either the base rate or the interest rate corridor on Tuesday.
The Hungarian Central Bank today, as expected, left its key interest rate unchanged at 5.50 percent. However, it decided to lower its medium-term inflation target to 2.5 percent from the previous three percent. The bank announced this in a press release. The reduction in the inflation target would...
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