Ungarn Zinssatz

Hungary's central bank kept its base rate unchanged at 6.5% during its October 2024 meeting, in line with expectations, following a 25 basis points cut in the previous month. Additionally, the rates on collateralized loans and overnight deposits were also unchanged at 7.5% and 5.5%, respectively. In September, Hungary's headline inflation dropped to 3%, the lowest in more than three and a half years, down from 3.4% in August, while core inflation edged higher to 4.8% from 4.6%. Deputy Governor Barnabas Virag recently signaled a more cautious stance, suggesting the rate could remain unchanged for an extended period due to geopolitical risks and shifting U.S. rate expectations.