Hungary Interest Rate  1987-2017 | Data | Chart | Calendar | Forecast

The National Bank of Hungary held its three-month MNB deposit rate at 0.9 percent on September 19th 2017, as widely expected. The overnight collateralised loan rate and the one-week collateralised loan rate were also left steady at 0.9 percent each. On the other hand, the overnight deposit rate was cut by 10 basis points to -0.15 percent. The country's annual inflation rate came in at 2.6 percent in August, below the central bank's midpoint target of 3 percent. The bank announced in July last year it would hold less frequent tenders for its main three-month deposit tool from August, aiming at encouraging banks to offer cheaper loans to households and companies and to buy government debt in order to loosen monetary conditions without lowering further the base rate. Interest Rate in Hungary averaged 11.91 percent from 1987 until 2017, reaching an all time high of 28 percent in January of 1995 and a record low of 0.90 percent in May of 2016.

Hungary Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-18 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2017-08-22 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2017-09-19 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2017-10-24 12:00 PM Interest Rate Decision 0.9% 0.9%
2017-11-21 01:00 PM Interest Rate Decision 0.9%
2017-12-19 01:00 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 0.12 0.12 32.00 0.12 percent [+]
Money Supply M0 5932.50 5865.50 5932.50 1052.00 HUF Billion [+]
Money Supply M1 17037.80 17022.20 17037.80 587.00 HUF Billion [+]
Money Supply M2 20414.50 20492.40 20492.40 885.10 HUF Billion [+]
Money Supply M3 21078.60 21180.90 21214.10 991.40 HUF Billion [+]
Foreign Exchange Reserves 22366.40 22306.80 38763.60 678.80 EUR Million [+]
Banks Balance Sheet 36863.40 36794.00 39460.20 5798.70 HUF Billion [+]
Loans to Private Sector 6136.40 6138.90 8732.40 2483.20 HUF Billion [+]
Deposit Interest Rate -0.15 -0.05 11.50 -0.15 percent [+]
Cash Reserve Ratio 1.00 1.00 17.00 1.00 percent [+]
Central Bank Balance Sheet 9574.80 9644.20 13673.70 3687.65 HUF Billion [+]
Private Debt to GDP 140.20 148.20 184.90 87.10 percent [+]


Hungary Interest Rate Notes

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.90 28.00 0.90 1987 - 2017 percent Daily



interest rate by Country

Last
Russia 8.50 Sep/17
Brazil 8.25 Sep/17
Turkey 8.00 Sep/17
Mexico 7.00 Aug/17
India 6.00 Aug/17
Indonesia 4.50 Aug/17
China 4.35 Aug/17
Australia 1.50 Sep/17
South Korea 1.25 Aug/17
United States 1.25 Aug/17
Canada 1.00 Sep/17
United Kingdom 0.25 Sep/17
Euro Area 0.00 Sep/17
France 0.00 Sep/17
Germany 0.00 Sep/17
Italy 0.00 Sep/17
Netherlands 0.00 Sep/17
Spain 0.00 Sep/17
Japan -0.10 Aug/17
Switzerland -0.75 Sep/17