At its monetary policy meeting on 20 June, the Central Bank decided to leave the benchmark rate unchanged at 6.00%, in a decision widely expected by the market. Monetary authorities last raised interest rates in February. The Central Bank remains confident that inflation will fall back to its 3.0% target in the mid term, as the slow recovery of the domestic sector along with loose labor market conditions are likely to prevent prices from spiraling up. The most recent inflation reading supports the Bank's view, with annual inflation dropping from 4.7% in April to 3.9% in May.
Hungary Monetary Policy
Central Bank maintains monetary policy stance
June 20, 2011
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Hungary Economic News
October 25, 2016
The Central Bank of Hungary continues to employ unconventional measures to support growth and prop up inflation in the country.
October 24, 2016
The GKI economic sentiment indicator edged down from minus 3.6 points in September to minus 4.5 points in October.
October 11, 2016
In September, consumer prices rose 0.2% from the previous month, contrasting August’s 0.4% decrease.
October 7, 2016
According to preliminary data released by the Statistical Institute (KSH) on 7 October, industrial output in August rose a working-day adjusted 3.5% from the same month last year, rebounding from July’s 0.1% decrease and marking a four-month high. On a monthly basis, industrial production increased a seasonally- and working-day adjusted 1.6% in August, which followed July’s 0.3% decrease.
September 26, 2016
The GKI economic sentiment indicator advanced slightly from August’s minus 3.9 points, which was the lowest reading in over two years, to the still-low level of minus 3.6 points in September.