The National Bank of Hungary held its benchmark base rate unchanged at 0.9 percent and the overnight deposit rate at -0.05 percent on May 26th of 2020, as expected after the annual inflation rate fell to a one-year low of 2.4 percent in April and below the 3 percent NBH’s medium term target. At the same time, the overnight and one-week collateralised lending rates were also kept at 1.85 percent, after a surprise 95bps cut at a surprise in early April in an effort to mitigate the effects of the coronavirus pandemic on the economy and financial markets.

Interest Rate in Hungary averaged 11.15 percent from 1987 until 2020, reaching an all time high of 28 percent in January of 1995 and a record low of 0.90 percent in May of 2016. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: National Bank of Hungary

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 2021, according to our econometric models.

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Hungary Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.90 28.00 0.90 1987 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-03-24 01:00 PM 0.9% 0.9% 0.9% 0.9%
2020-04-07 12:00 PM 0.9% 0.9%
2020-04-28 12:00 PM 0.9% 0.9% 0.9%
2020-05-26 12:00 PM 0.9% 0.9% 0.9% 0.9%
2020-06-23 12:00 PM 0.9% 0.9%
2020-07-21 12:00 PM
2020-08-25 12:00 PM
2020-09-22 12:00 PM


News Stream
Hungary Keeps Rates Steady
The National Bank of Hungary held its benchmark base rate unchanged at 0.9 percent and the overnight deposit rate at -0.05 percent on May 26th of 2020, as expected after the annual inflation rate fell to a one-year low of 2.4 percent in April and below the 3 percent NBH’s medium term target. At the same time, the overnight and one-week collateralised lending rates were also kept at 1.85 percent, after a surprise 95bps cut at a surprise in early April in an effort to mitigate the effects of the coronavirus pandemic on the economy and financial markets.
2020-05-26
Hungary Holds Key Rate At 0.9%
The National Bank of Hungary held its benchmark base rate unchanged at 0.9 percent and the overnight deposit rate at -0.05 percent on April 28th 2020, as expected after the annual inflation rate fell to 3.9 percent in March but above the 3 percent NBH’s medium term target. It follows a surprise increase in the overnight and one-week collateralised lending rates by 95bps each to 1.85 percent earlier in the month as mitigating the effects of the coronavirus pandemic on the real economy and financial markets and creating the conditions for restarting the economy have become the MNB’s key priorities.
2020-04-28
Hungary Holds Key Rate At 0.9%
The National Bank of Hungary left the base rate unchanged at 0.9 percent and the overnight deposit rate at -0.05 percent on April 7th of 2020 but raised the overnight and one-week collateralised lending rates by 95bps each to 1.85 percent. The Monetary Council also decided to launch a government security purchase programme in the secondary market to restore the stable liquidity position of the government securities market, and to relaunch its mortgage bond purchase programme to improve the long-term supply of funding to the banking sector. This comes as mitigating the effects of the coronavirus pandemic on the real economy and financial markets and creating the conditions for restarting the economy have become the MNB’s key priorities.
2020-04-07
Hungary Holds Key Rate At 0.9%
The National Bank of Hungary held its benchmark base rate unchanged at 0.9 percent on March 24th 2020, as expected after the annual inflation rate edged down to 4.4 percent in February, above the 3 percent NBH’s medium term target. The overnight collateralised loan rate and the overnight central bank deposit rate were also kept at 0.9 percent and -0.05 percent, respectively.
2020-03-24

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.