The National Bank of Hungary held its benchmark base rate unchanged at 0.9 percent on November 20th 2018, as expected. The overnight collateralised loan rate and the overnight central bank deposit rate were also kept at 0.9 percent and -0.15 percent, respectively. Policymakers kept monetary policy stance steady despite a rise in inflation. Annual inflation accelerated for the second month to 3.8 percent in October from 3.6 percent in September, reaching the highest since December of 2012. Interest Rate in Hungary averaged 11.58 percent from 1987 until 2018, 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 1.25 in 12 months time. In the long-term, the Hungary Interest Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

Hungary Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-18 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2018-10-16 12:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2018-11-20 01:00 PM Interest Rate Decision 0.9% 0.9% 0.9% 0.9%
2018-12-18 01:00 PM Interest Rate Decision 0.9% 0.9%


Hungary Money Last Previous Highest Lowest Unit
Interest Rate 0.90 0.90 28.00 0.90 percent [+]
Interbank Rate 0.13 0.13 32.00 0.02 percent [+]
Money Supply M0 6854.40 6920.10 7075.20 1052.00 HUF Billion [+]
Money Supply M1 21135.60 21250.90 21250.90 587.00 HUF Billion [+]
Money Supply M2 24214.60 24333.20 24333.20 885.10 HUF Billion [+]
Money Supply M3 24690.10 24807.50 24807.50 991.40 HUF Billion [+]
Foreign Exchange Reserves 24668.70 23726.40 38763.60 678.80 EUR Million [+]
Banks Balance Sheet 39953.00 39685.50 39953.00 5798.70 HUF Billion [+]
Loans to Private Sector 7222.90 7091.72 8732.40 2483.20 HUF Billion [+]
Deposit Interest Rate -0.15 -0.15 11.50 -0.15 percent [+]
Private Debt to GDP 132.37 141.72 184.03 86.29 percent [+]
Cash Reserve Ratio 1.00 1.00 17.00 1.00 percent [+]
Central Bank Balance Sheet 9924.20 10106.00 13673.70 3687.65 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.90 28.00 0.90 1987 - 2018 percent Daily




Country Last
Argentina 62.12 Nov/18
Turkey 24.00 Oct/18
Mexico 8.00 Nov/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18


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