Hungary interest rate: Magyar Nemzeti Bank policy rate
The Magyar Nemzeti Bank policy rate is 5.50%, in force since Aug 26, 2026. Source: Bank for International Settlements, data to Oct 21, 2026. Cut from 5.75% on Aug 26, 2026.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Aug 26, 2026 | 5.50% | -0.25 |
| Jul 22, 2026 | 5.75% | -0.25 |
| Jul 1, 2026 | 6.00% | -0.25 |
| Jun 25, 2026 | 6.25% | +0.25 |
| Jun 24, 2026 | 6.00% | -0.25 |
| Feb 25, 2026 | 6.25% | -0.25 |
| Sep 25, 2024 | 6.50% | -0.25 |
| Jul 24, 2024 | 6.75% | -0.25 |
| Jun 19, 2024 | 7.00% | -0.25 |
| May 22, 2024 | 7.25% | -0.50 |
| Apr 24, 2024 | 7.75% | -0.50 |
| Mar 27, 2024 | 8.25% | -0.75 |
| Feb 28, 2024 | 9.00% | -1.00 |
| Jan 31, 2024 | 10.00% | -0.75 |
| Dec 20, 2023 | 10.75% | -0.75 |
| Nov 22, 2023 | 11.50% | -0.75 |
| Oct 25, 2023 | 12.25% | -0.75 |
| Sep 28, 2022 | 13.00% | +1.25 |
| Aug 31, 2022 | 11.75% | +1.00 |
| Jul 27, 2022 | 10.75% | +1.00 |
| Jul 13, 2022 | 9.75% | +2.00 |
| Jun 29, 2022 | 7.75% | +1.85 |
| Jun 1, 2022 | 5.90% | +0.50 |
| Apr 27, 2022 | 5.40% | +1.00 |
| Mar 23, 2022 | 4.40% | +1.00 |
| Feb 23, 2022 | 3.40% | +0.50 |
| Jan 26, 2022 | 2.90% | +0.50 |
| Dec 15, 2021 | 2.40% | +0.30 |
| Nov 17, 2021 | 2.10% | +0.30 |
| Oct 20, 2021 | 1.80% | +0.15 |
| Sep 22, 2021 | 1.65% | +0.15 |
| Aug 25, 2021 | 1.50% | +0.30 |
| Jul 28, 2021 | 1.20% | +0.30 |
| Jun 23, 2021 | 0.90% | +0.30 |
| Jul 22, 2020 | 0.60% | -0.15 |
| Jun 24, 2020 | 0.75% | -0.15 |
| May 25, 2016 | 0.90% | -0.15 |
| Apr 27, 2016 | 1.05% | -0.15 |
| Mar 23, 2016 | 1.20% | -0.15 |
| Jan 1, 2016 | 1.35% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in Hungary?
The Magyar Nemzeti Bank policy rate is 5.50% (since Aug 26, 2026).
When did the Magyar Nemzeti Bank last change its policy rate?
On Aug 26, 2026, from 5.75% to 5.50%.
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