• Home
• Channel: Finance
• Central Bank in Hungary Leaves Base Rate Unchanged at 13%

Central Bank in Hungary Leaves Base Rate Unchanged at 13%

• 29 Mar 2023 12:09 PM
• Hungary Matters

Hungarian central bank rate-setters left the base rate of 13% unchanged at a regular policy meeting.

At the last policy meeting on Feb. 28, the Monetary Council stuck to the base rate maintained since last September, while keeping the one-day deposit rate at 18%.

At either end of the interest corridor, the 12.5% O/N deposit rate and the 25% O/N secured loan rate were also kept in place. The decision was in line with the expectations of analysts.

In a statement released after the meeting, the Council said it was necessary to maintain the current level of the base rate over a prolonged period, which it said would ensure that inflation expectations are anchored and the inflation target is achieved in a sustainable manner.

It said the central bank was constantly assessing incoming data and developments in the inflation outlook and was “ready to take appropriate actions if risks increase”.

At a press conference after the meeting, National Bank of Hungary deputy governor Barnabás Virág said disinflation was set to begin accelerating in the coming months and there was a good chance that inflation would fall into the single digits by the end of the year.

A quarterly Inflation Report discussed by policymakers at the meeting shows the central bank puts average annual inflation this year in a range of 15.0-19.5%, unchanged from the forecast published in the previous report late in December.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Central Bank Base Rate

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Forint Hits 18-Month High

• 20 Nov 2025 6:45 AM

By early Wednesday evening, the euro's exchange rate approached 381 Forints, marking an 18-month high for the Hungarian currency. The euro stood above 384 Forints on Wednesday morning, but the Forint began to strengthen steadily from 11 AM, with the rate falling below 381.7 Forints just before 7 PM.



Analysis: National Bank of Hungary Holds Key Base Rate Steady at 6.50%

• 19 Nov 2025 7:42 AM

The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting on Tuesday.



Par'lt Approves Measures Easing Tax, Administrative Burden for Small Businesses in Hungary

• 19 Nov 2025 7:22 AM

Lawmakers approved measures to reduce the tax and administrative burdens of small businesses in a vote on Tuesday.



Hungary Scores 63 on Mastercard Digital Payment Index

• 12 Nov 2025 5:36 AM

Hungary's score on the Mastercard Digital Payment Index has reached 63 on a scale of 1 to 100. Hungary's score on the index, which assesses the digitalisation of consumer payments in the areas of market readiness, digital payment adoption and consumer knowledge and attitudes, improved twelve points in five years, Mastercard said.