The National Bank of Hungary held its benchmark base rate unchanged at 0.9 percent on April 30th 2019, in line with market expectations. The overnight collateralised loan rate and the overnight central bank deposit rate were also kept at 0.9 percent and -0.05 percent, respectively. Policymakers kept monetary policy stance steady, despite rising inflationary pressures. Annual inflation rate climbed to 3.7 percent in March, the highest level since October 2018; and wage growth accelerated to 12.1 percent in February. Interest Rate in Hungary averaged 11.46 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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% 0.9% 0.9%
2019-05-28 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9%
2019-06-25 12:00 PM Interest Rate Decision 0.9%
2019-07-23 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 22275.00 22064.70 22275.00 587.00 HUF Billion [+]
Interbank Rate 0.20 0.20 32.00 0.02 percent [+]
Money Supply M2 25467.70 25259.10 25467.70 885.10 HUF Billion [+]
Money Supply M3 25384.00 25257.10 25637.00 991.40 HUF Billion [+]
Foreign Exchange Reserves 26944.10 27475.20 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 May 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 71.22 May/19
Turkey 24.00 Apr/19
Mexico 8.25 May/19
Russia 7.75 Apr/19
South Africa 6.75 May/19
Brazil 6.50 May/19
India 6.00 Apr/19
Indonesia 6.00 May/19
China 4.35 Apr/19
Saudi Arabia 3.00 Apr/19
United States 2.50 May/19
Singapore 2.24 Mar/19
Canada 1.75 Apr/19
South Korea 1.75 Apr/19
Australia 1.50 May/19
United Kingdom 0.75 May/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 Apr/19
Switzerland -0.75 Apr/19


Related

Latest