The Monetary Council of the Hungarian Central Bank (MNB) unanimously voted to lower the key interest rate on July 21 and stated that further base rate cuts remain possible.

After the decision of the Monetary Council of the Hungarian National Bank, Mihály Varga also spoke about hoping that the investigation initiated due to the statement of former central bank governor…

Central bank governor Mihály Varga The Hungarian National Bank (MNB) continues its course of monetary policy adjustment. At its February meeting, the Monetary Council voted unanimously to lower the key interest rate by 25 basis points, announced the central bank on Wednesday. This reduces Hungary’s key interest rate to 6.25 percent. The Council’s decision included […] The post Central Bank Monetary Council Votes Unanimously for Modest Rate Cut appeared first on Hungary Today.

The Hungarian National Bank has once again reduced its base interest rate by 25 basis points, bringing the rate to 6 percent. The Monetary Council last adjusted the rate in February, citing favorable and sustained economic processes.

Hungary's Monetary Council decided to keep the base interest rate unchanged, following a reduction in February.

The Hungarian National Bank's Monetary Council decided to release its 60 billion euro foreign exchange reserves to provide currency to energy-importing companies, aiming to prevent the forint from weakening.

The Monetary Council of the Hungarian National Bank unanimously decided to keep the base interest rate unchanged, with Governor Mihály Varga also tempering expectations for euro adoption.

Hungary's Monetary Council has decided to leave the base rate on hold at 6.25% in March, halting a series of interest rate reductions that began in February after a year and a half, with future decisions now being made on a meeting-by-meeting basis.