Magyar Nemzeti Bank

The Monetary Council of the Magyar Nemzeti Bank has decided to maintain the current structure of central bank interest rates, reflecting a cautious approach amidst geopolitical tensions and a moderate inflation outlook. While economic growth is supported by household consumption, the Council emphasizes the importance of stability in financial markets to anchor inflation expectations.

• Hungary's economy grew by 1.7% year-on-year in Q1 2026, driven mainly by household consumption.
• Consumer prices rose by 2.1% in April, with core inflation at 2.2%, both lower than previous projections.
• The Council notes improved inflation outlook but stresses the need for caution due to global economic uncertainties.
• The stability of domestic financial markets is crucial for achieving price stability.

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Recent Statements