The Monetary Council of the National Bank of Hungary cut the central bank base rate by 25 basis points to 5.50%, effective 26 August 2026. Over the past year, it held the rate at 6.50% through January, cut it by 25 basis points in February, held through May and delivered three further 25-basis-point cuts from June through August. The overnight central bank deposit rate fell to 4.50% and the overnight collateralised loan rate to 6.50%, maintaining a corridor of 1 percentage point below and above the base rate.
2026-08-25National Bank of Hungary
National Bank of Hungary Cuts Base Rate by 25 Basis Points to 5.50%
The National Bank of Hungary cut its base rate by 25 basis points to 5.50%, effective 26 August 2026, and lowered its overnight deposit and collateralised loan rates to 4.50% and 6.50%, respectively.