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Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.

"Lowered At Temporarily Faster Pace” - Central Bank Cuts Base Rate in Hungary Down To 9%

Hungarian central bank (NBH) rate-setters cut the base rate by 100 basis points to 9.00% at a regular policy meeting.
GDP Growth High in Q1, Albeit From Low Base

GDP Growth High in Q1, Albeit From Low Base

  • 18 May 2022 9:12 AM
  • finance
Hungary’s GDP grew by an annual 8.2% in the first quarter, albeit from a low base, a first reading of data released by the Central Statistical Office (KSH) shows.
Hungary Central Bank Raises Base Rate Again

Hungary Central Bank Raises Base Rate Again

Hungarian rate-setters raised the central bank’s base rate by 30 basis points to 1.20% at a scheduled meeting on Tuesday, while they also changed the interest rate corridor.
Wage Growth at 10.1% in April

Wage Growth at 10.1% in April

Wage growth in Hungary increased by an annual 10.1% in April, picking up from 8.7% in the previous month, the Central Statistical Office (KSH) said.
Fitch Upgrades Hungary To 'BBB'; Outlook 'Stable'

Fitch Upgrades Hungary To 'BBB'; Outlook 'Stable'

Fitch Ratings (Photo courtesy of Northfoto) raised Hungary’s Long-Term Foreign- and Local-Currency Issuer Default Ratings to ‘BBB’ from ‘BBB-’ at a scheduled review on Friday.
IMF Urges Hungary To Reduce State Debt Faster

IMF Urges Hungary To Reduce State Debt Faster

The International Monetary Fund (IMF) recommended Hungary do more to reduce state debt as well as phase out sectoral taxes and undertake structural reforms to improve productivity in a staff report issued about six weeks after a visit to Budapest as part of regular Article IV consultations.
Hungary’s Industrial Output Up 6.9% In January

Hungary’s Industrial Output Up 6.9% In January

In January, industrial output in Hungary was up 6.9 percent compared with the same month a year earlier, a preliminary release of data by the Central Statistical Office on Wednesday showed.
Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.

"Lowered At Temporarily Faster Pace” - Central Bank Cuts Base Rate in Hungary Down To 9%

Hungarian central bank (NBH) rate-setters cut the base rate by 100 basis points to 9.00% at a regular policy meeting.
GDP Growth High in Q1, Albeit From Low Base

GDP Growth High in Q1, Albeit From Low Base

  • 18 May 2022 9:12 AM
  • finance
Hungary’s GDP grew by an annual 8.2% in the first quarter, albeit from a low base, a first reading of data released by the Central Statistical Office (KSH) shows.
Hungary Central Bank Raises Base Rate Again

Hungary Central Bank Raises Base Rate Again

Hungarian rate-setters raised the central bank’s base rate by 30 basis points to 1.20% at a scheduled meeting on Tuesday, while they also changed the interest rate corridor.
Wage Growth at 10.1% in April

Wage Growth at 10.1% in April

Wage growth in Hungary increased by an annual 10.1% in April, picking up from 8.7% in the previous month, the Central Statistical Office (KSH) said.
Fitch Upgrades Hungary To 'BBB'; Outlook 'Stable'

Fitch Upgrades Hungary To 'BBB'; Outlook 'Stable'

Fitch Ratings (Photo courtesy of Northfoto) raised Hungary’s Long-Term Foreign- and Local-Currency Issuer Default Ratings to ‘BBB’ from ‘BBB-’ at a scheduled review on Friday.
IMF Urges Hungary To Reduce State Debt Faster

IMF Urges Hungary To Reduce State Debt Faster

The International Monetary Fund (IMF) recommended Hungary do more to reduce state debt as well as phase out sectoral taxes and undertake structural reforms to improve productivity in a staff report issued about six weeks after a visit to Budapest as part of regular Article IV consultations.
Hungary’s Industrial Output Up 6.9% In January

Hungary’s Industrial Output Up 6.9% In January

In January, industrial output in Hungary was up 6.9 percent compared with the same month a year earlier, a preliminary release of data by the Central Statistical Office on Wednesday showed.