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, with a focus on stabilizing inflation and supporting domestic demand. The outlook for Hungary's GDP growth remains positive, driven primarily by household consumption, while inflation rates have decreased significantly due to a stronger forint and lower energy prices.
- The central bank base rate will be adjusted, with the overnight central bank rate set at 1.00 percentage point below the base rate.
- Hungary's GDP is projected to grow by 2.0% in 2026, supported by domestic demand and EU funds, despite slower growth in export markets.
- Inflation has decreased to 1.8%, influenced by a stronger forint and declining prices for food and energy, with household inflation expectations also falling.
📝 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."