Hungary Cut Key Interest Rate by 75 bps to 10.75% as Inflation Eases

Magyar Nemzeti Bank (MNB), the central bank of Hungary cut its key base rate by 75 bps to 10.75% during its December 2023 meeting, in line with market consensus. The rates on collateralized loan rates and overnight deposits were also reduced by the same margin, reaching 11.75% and 9.75%, respectively. Hungarian inflation continues to ease. The consumer price index fell significantly by 2.0%, while core inflation declined by 1.8% from the previous month., as inflation continues to ease. The central … Continue reading “Hungary Cut Key Interest Rate by 75 bps to 10.75% as Inflation Eases”