The National Bank of Hungary held its base rate at 0.9 percent during its March meeting, as widely expected, and raised its overnight deposit rate by 10 bps to -0.05 percent. The central bank's move ended a seven-year easing cycle, aiming to curb rising inflation, after the core inflation rate rose further above the 3 percent target in February (3.5 percent from 3.2 percent in January). Meanwhile, the central bank also kept the overnight collateralised loan rate unchanged at 0.9 percent. Interest Rate in Hungary averaged 11.49 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 1.25 percent in 2020, according to our econometric models.

Hungary Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-18 01:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2019-01-29 01:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2019-02-26 01:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
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%
2019-05-28 12:00 PM Interest Rate Decision 0.9%
2019-06-25 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 7053.30 6979.40 7256.30 1052.00 HUF Billion [+]
Money Supply M1 22064.70 21898.70 22064.70 587.00 HUF Billion [+]
Interbank Rate 0.16 0.16 32.00 0.02 percent [+]
Money Supply M2 25259.10 25128.70 25259.10 885.10 HUF Billion [+]
Money Supply M3 25384.00 25257.10 25637.00 991.40 HUF Billion [+]
Foreign Exchange Reserves 27475.20 26343.20 38763.60 678.80 EUR Million [+]
Banks Balance Sheet 40460.10 40713.10 40713.10 5798.70 HUF Billion [+]
Loans to Private Sector 7317.05 7222.90 8732.40 2483.20 HUF Billion [+]
Deposit Interest Rate -0.05 -0.15 11.50 -0.15 percent [+]
Private Debt to GDP 132.37 141.72 184.03 86.29 percent [+]
Cash Reserve Ratio 1.00 1.00 17.00 1.00 percent [+]
Central Bank Balance Sheet 10663.47 11153.15 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 April 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 67.12 Apr/19
Turkey 24.00 Mar/19
Mexico 8.25 Mar/19
Russia 7.75 Mar/19
South Africa 6.75 Mar/19
Brazil 6.50 Mar/19
India 6.00 Apr/19
Indonesia 6.00 Mar/19
China 4.35 Mar/19
Saudi Arabia 3.00 Mar/19
United States 2.50 Mar/19
Singapore 2.24 Mar/19
Canada 1.75 Mar/19
South Korea 1.75 Apr/19
Australia 1.50 Apr/19
United Kingdom 0.75 Mar/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Mar/19
Switzerland -0.75 Mar/19


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