The National Bank of Hungary held its benchmark base rate unchanged at 0.9 percent on June 25th 2019, after inflation rate came in at 3.9 percent, its highest level since December 2012 and near the top of the NBH's 2-4% target range, on the back of the increase in excise duty. At the same time, core inflation jumped to 4 percent in May from 3.7 percent in April, its highest level since September of 2012. A new round of excise duty hikes on tobacco products is expected to kick in from July. The overnight collateralised loan rate and the overnight central bank deposit rate were also kept at 0.9 percent and -0.05 percent, respectively. Interest Rate in Hungary averaged 11.42 percent from 1987 until 2019, reaching an all time high of 28 percent in January of 1995 and a record low of 0.90 percent in May of 2016.

Interest Rate in Hungary is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Hungary to stand at 0.90 in 12 months time. In the long-term, the Hungary Interest Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

Hungary Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-26 01:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2019-04-30 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2019-05-28 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2019-06-25 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2019-07-23 12:00 PM Interest Rate Decision 0.9% 0.9%
2019-08-27 12:00 PM Interest Rate Decision 0.9%
2019-09-24 12:00 PM Interest Rate Decision 0.9%


Hungary Money Last Previous Highest Lowest Unit
Interest Rate 0.90 0.90 28.00 0.90 percent [+]
Money Supply M0 6928.90 7050.70 7256.30 1052.00 HUF Billion [+]
Money Supply M1 22472.80 22275.00 22472.80 587.00 HUF Billion [+]
Interbank Rate 0.24 0.25 32.00 0.02 percent [+]
Money Supply M2 25525.80 25467.70 25525.80 885.10 HUF Billion [+]
Money Supply M3 25641.60 25581.50 25641.60 991.40 HUF Billion [+]
Foreign Exchange Reserves 26704.50 26944.10 38763.60 678.80 EUR Million [+]
Banks Balance Sheet 40768.60 40492.80 40768.60 5798.70 HUF Billion [+]
Loans to Private Sector 7542.68 7436.30 8732.40 2483.20 HUF Billion [+]
Deposit Interest Rate -0.05 -0.05 11.50 -0.15 percent [+]
Private Debt to GDP 133.37 135.83 183.52 85.63 percent [+]
Cash Reserve Ratio 1.00 1.00 17.00 1.00 percent [+]
Central Bank Balance Sheet 11096.61 10616.27 13674.13 3687.66 HUF Billion [+]


Hungary Interest Rate

In Hungary, interest rates decisions are taken by the Monetary Council of the Hungarian National Bank (Magyar Nemzeti Bank). The main interest rate is the central bank base rate on refinancing credit maturing over one year that the Central Bank lends to financial institutions. This page provides the latest reported value for - Hungary Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Interest Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.90 28.00 0.90 1987 - 2019 percent Daily




Country Last Previous
Argentina 63.84 Jun/19
Turkey 24.00 Jun/19
Mexico 8.25 May/19
Russia 7.50 Jun/19
South Africa 6.75 May/19
Brazil 6.50 Jun/19
Indonesia 6.00 Jun/19
India 5.75 Jun/19
China 4.35 May/19
Saudi Arabia 3.00 May/19
United States 2.50 Jun/19
Singapore 1.88 May/19
Canada 1.75 May/19
South Korea 1.75 May/19
Australia 1.25 Jun/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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