Hungary Interest Rate

The benchmark interest rate in Hungary was last recorded at 2.60 percent. Interest Rate in Hungary is reported by the National Bank of Hungary. Interest Rate in Hungary averaged 13.01 Percent from 1987 until 2014, reaching an all time high of 28 Percent in January of 1995 and a record low of 2.60 Percent in March of 2014. In Hungary, interest rates decisions are taken by the Monetary Council of the Hungarian National Bank (Magyar Nemzeti Bank). The main interest rate is the central bank base rate on refinancing credit maturing over one year that the Central Bank lends to financial institutions. This page provides - Hungary Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.60 2.70 28.00 2.60 2.50 | 2014/04 1987 - 2014 Percent Monthly

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Hungary Interest Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-17 01:00 PM Hungary
Interest Rate Decision
3.0% 3.2% 3.0% 3%
2014-01-21 01:00 PM Hungary
Interest Rate Decision
2.85% 3.00% 2.90% 2.75%
2014-02-18 01:00 PM Hungary
Interest Rate Decision
2.7% 2.85% 2.75% 2.75%
2014-03-25 01:00 PM Hungary
Interest Rate Decision
2.6% 2.7% 2.6% 2.5%
2014-04-29 01:00 PM Hungary
Interest Rate Decision
2.6% 2.5%
2014-05-27 01:00 PM Hungary
Interest Rate Decision
2.5%
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 2.60 2014-03-25 2.70 28.00 2.60 2.50 2014-04-30 Percent [+]
Foreign Exchange Reserves 36196.70 2014-03-31 33787.80 38763.60 678.80 35785.08 2014-04-30 EUR Million [+]
Interbank Rate 2.99 2014-02-15 2.99 36.50 2.99 3.00 2014-03-31 Percent [+]
Loans to Private Sector 13663.53 2014-02-28 13050.18 77281.64 8456.29 13597.12 2014-03-31 HUF Million [+]
Money Supply M0 3788.00 2014-02-28 3853.50 3872.60 1052.00 3779.22 2014-03-31 HUF Billion [+]
Money Supply M1 8755.20 2014-02-28 8566.90 8898.60 587.00 9009.66 2014-03-31 HUF Billion [+]
Money Supply M2 15610.60 2014-02-28 15538.90 15847.80 885.10 15870.62 2014-03-31 HUF Billion [+]
Money Supply M3 17505.60 2014-02-28 17519.40 17930.50 991.40 17802.71 2014-03-31 HUF Billion [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Hungarian Inflation Rate Unchanged in March  
The annual consumer prices increased 0.1 percent in March of 2014, unchanged from 0.1 percent in the previous month. A year earlier, the inflation rate was recorded at 2.2 percent.
Hungary Unemployment Rate Falls to 8.6%  
In the three months to February of 2014, Hungarian jobless rate fell for the fourth consecutive month, from 8.9 percent in the previous period and 11.6 percent a year earlier. It is the lowest rate in five years.
Hungarian Inflation Rate Edges Up in February  
The annual consumer prices accelerated to 0.1 percent in February, after falling to zero in January, as food prices remained unchanged following a 0.2 percent drop in the previous month.
Hungary GDP Expands 2.7% YoY in Q4  
Hungarian economy advanced at a faster 2.7 percent in the last quarter of 2013, in line with a preliminary estimate and boosted by investment. The figure compares with 1.8 percent growth in the previous three-month period.
Hungary Unemployment Rate Continues to Fall  
In the three months to January of 2014, Hungarian jobless rate fell for the third straight time to 8.9 percent from 9.1 percent at the end of December and 9.3 percent in November.
Hungary Unemployment Rate Falls to 9.1%  
In the period October to December 2013, the unemployment rate in Hungary decreased to 9.1 percent, down from 9.3 percent in the previous period and 10.7 percent a year earlier. The number of unemployed people was 403 thousand, 65 thousand less than in the same period of 2012.
Hungary Inflation Rate Slows to 43-Year Low in December  
In December of 2013, Hungary’s annual inflation rate slowed to 0.4 percent, the lowest rate in more than 40 years, mainly due to a sharp fall in utilities' prices. Core inflation rate which excludes food and fuel remained unchanged at 3.5 percent.
Hungary Unemployment Rate Falls to Near 5-Year Low  
In the period September to November 2013, Hungary’s jobless rate decreased to 9.3 percent, the lowest rate since February of 2009, as the employment rate of people aged 15–64 increased by 1.5 percentage points over a year earlier.
Hungary Inflation Rate Steady at 0.9% in November  
In November of 2013, Hungarian annual CPI remained stable at 0.9 percent, the same rate recorded in October, as prices of electricity and natural gas decreased 10 percent due to new fees. Core annual inflation rate was recorded at 3.5 percent.
Hungary GDP Growth Accelerates to 1.8% YoY in Q3  
In the third quarter of 2013, the Hungarian economy advanced 1.8 percent over a year earlier, up from 1.7 percent in the initial estimate. It is the highest growth rate in the last two and a half years.
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