Latest Statement
🕊️ Dovish
Press release on the Monetary Council meeting of 24 February 2026
2026-02-24
The Monetary Council of the Magyar Nemzeti Bank has decided to maintain the current structure of central bank interest rates, reflecting a cautious outlook amid global economic uncertainties and moderating inflation. While Hungary's GDP showed slight growth, the economic environment remains characterized by duality, with retail sales increasing but industrial production subdued.
- Hungary's GDP grew by 0.7% in Q4 2025, with an overall annual growth of 0.4%.
- Inflation in January 2026 fell to 2.1%, indicating a moderation in price dynamics.
- The central bank is maintaining its interest rate structure, with expectations of a gradual recovery in growth supported by rising real wages and government measures.
- The current account surplus remains stable at around 2% of GDP, despite challenges in reducing public debt.
📝 Classified Sentences
⚡ Rate Cutmp_interest_rate
"The Monetary Council reduced the base rate by 25 basis points to 6.25 percent at today’s meeting."