Hungarian policymakers announce final base rate decision of the year
The Monetary Council of the National Bank of Hungary (NBH) has announced that they will maintain the central bank base rate at 6.50 percent following their monthly policy meeting on Tuesday. This decision comes after the base rate was held steady at the previous two meetings in October and November.
In addition to keeping the base rate unchanged, the Council also decided to leave the O/N deposit rate at 5.50 percent and the O/N collateralised loan rate at 7.50 percent. These rates represent the boundaries of the central bank’s symmetric interest rate corridor.
Yesterday, we reported on the future president of Hungary’s National Bank unveiling key objectives and providing details about his team. This news comes as the NBH continues to navigate the economic landscape and make decisions to support Hungary’s financial stability. Stay tuned for more updates on the National Bank’s monetary policies and future developments.
