Latest Statement
🕊️ Dovish
Press release on the Monetary Council meeting of 25 August 2026
2026-08-25
The Monetary Council of the Magyar Nemzeti Bank has decided to reduce the central bank base rate by 25 basis points, reflecting a more favorable inflation outlook and stable risk premiums on domestic assets. Despite ongoing geopolitical uncertainties, Hungary's economic growth remains steady, with inflation expected to stay below the target for the remainder of the year.
- The central bank base rate has been reduced by 25 basis points, effective from 26 August 2026.
- Hungary's GDP grew by 1.7% in Q2, supported by services and industry, while inflation eased to 1.2%.
- Inflation is projected to remain below the central bank's 3% target for the rest of the year and into 2028 H1.
- The Monetary Council's decision reflects stable risk premiums and a favorable macroeconomic outlook despite external uncertainties.
📝 Classified Sentences
⚡ Rate Cutmp_interest_rate
"The Monetary Council reduced the base rate by 25 basis points to 5.50 percent at today’s meeting."