The Monetary Council of the National Bank of Hungary held the base rate at 5.50% in September, effective from 23 September 2026, after four 25-basis-point cuts in February and June-August lowered it from 6.50%. The overnight deposit and collateralised lending rates remained unchanged at 4.50% and 6.50%, respectively.
2026-09-22National Bank of Hungary
National Bank of Hungary Holds Base Rate at 5.50%
The National Bank of Hungary held its base rate at 5.50% in September, effective 23 September 2026, following four 25-basis-point cuts from 6.50%. The overnight deposit and collateralised lending rates remained at 4.50% and 6.50%, respectively.