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.