The National Bank of Hungary held its benchmark base rate unchanged at 0.9 percent on July 23rd 2019, as expected after the target for excess liquidity in the economy for the third quarter was reduced in the previous meeting. In June, annual inflation rate fell to 3.4 percent from 3.9 percent in May, easing toward the 3 percent NBH’s 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. Interest Rate in Hungary averaged 11.40 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
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% 0.9% 0.9%
2019-08-27 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9%
2019-09-24 12:00 PM Interest Rate Decision 0.9%
2019-10-22 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 [+]
Interbank Rate 0.26 0.26 32.00 0.02 percent [+]
Money Supply M0 6942.10 6877.80 7256.30 1052.00 HUF Billion [+]
Money Supply M1 22427.10 22799.40 22799.40 587.00 HUF Billion [+]
Money Supply M2 25512.40 25961.00 25961.00 885.10 HUF Billion [+]
Money Supply M3 25640.30 26085.20 26085.20 991.40 HUF Billion [+]
Foreign Exchange Reserves 27094.90 27067.10 38763.60 678.80 EUR Million [+]
Banks Balance Sheet 41324.80 41908.60 41908.60 5798.70 HUF Billion [+]
Loans to Private Sector 8084.48 7864.42 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 11279.28 11101.20 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 August 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 74.96 Aug/19
Turkey 19.75 Jul/19
Mexico 8.00 Aug/19
Russia 7.25 Jul/19
South Africa 6.50 Aug/19
Brazil 6.00 Jul/19
Indonesia 5.75 Jul/19
India 5.40 Aug/19
China 4.25 Aug/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Jul/19
Singapore 1.94 Jul/19
Canada 1.75 Aug/19
South Korea 1.50 Jul/19
Australia 1.00 Aug/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Jul/19
France 0.00 Jul/19
Germany 0.00 Jul/19
Italy 0.00 Jul/19
Netherlands 0.00 Jul/19
Spain 0.00 Jul/19
Japan -0.10 Aug/19
Switzerland -0.75 Jul/19


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