Latest Statement
🕊️ Dovish
Press release on the Monetary Council meeting of 23 June 2026
2026-06-23
The Monetary Council of the Magyar Nemzeti Bank has decided to adjust the central bank interest rates in response to recent economic developments, indicating a cautious approach towards stabilizing the economy amid fluctuating global conditions. The Council noted a decrease in inflation rates and a positive outlook for domestic demand, while also acknowledging challenges from external factors.
- The central bank base rate will be adjusted, reflecting changes in the global economic environment and domestic economic indicators.
- Hungary's GDP is projected to grow by 2.0% in 2026, driven primarily by household consumption and supported by EU funds.
- Inflation rates have decreased, with May figures showing inflation at 1.8% and core inflation at 2.0%, influenced by a stronger forint and declining energy prices.
📝 Classified Sentences
⚡ Rate Cutmp_interest_rate
"The Monetary Council reduced the base rate by 25 basis points to 6.00 percent at today’s meeting."
🔮 Guidance Dovishmp_interest_rate
"Looking ahead, if favourable developments persist, the Council – while maintaining a positive real interest rate – sees room for further interest rate cuts throughout the summer, with a decision on their continuation to be made based on the September Inflation Report."