Key data points
Last release
—
Observation period
Oct 22, 2024
Next release
—
Forecast
—
Highest
28.00 % on Jan 1, 1996
Lowest
0.60 % on May 25, 2021
About Hungary interest rate
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 base rate.
Related indicators
Frequently Asked Questions
Hungary interest rate is 6.5% at the moment.
Last month Hungary interest rate was 6.5%, and the month before that it amounted to 6.5%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.