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Magyar Nemzeti Bank · Base rate

Hungary · HUF · Policy rate

The Magyar Nemzeti Bank’s Base rate is 5.50 %, last changed on 26 Aug 2026 when it was cut by 25 bp from 5.75 %.

5.50 %

Last change
cut −25 bp·
Previous rate
5.75 %
Next decision
—
Latest observation
Source
BIS

5.50 % ·

18 Sep 20210.00 – 13.00 %18 Sep 2026

Recent decisions

DateRateChange
5.50 %−25 bp
5.75 %−25 bp
6.00 %−25 bp
6.25 %+25 bp
6.00 %−25 bp
6.25 %−25 bp
6.50 %−25 bp
6.75 %−25 bp
7.00 %−25 bp

Changes are dated by when they took effect; holds by the announcement day. We do not track this bank’s meeting calendar, so only changes are listed.

MNB website ↗

At a glance

Economy
Hungary
Currency
HUF
Type
Policy rate
Set by
Magyar Nemzeti Bank
History since
1987
Changes in the last 12 months
6

Questions and answers

What is the current Magyar Nemzeti Bank interest rate?
The Magyar Nemzeti Bank’s Base rate is 5.50 %, last changed on 26 Aug 2026 when it was cut by 25 bp from 5.75 %.
When did the Magyar Nemzeti Bank last change its rate?
On 26 Aug 2026, when the Base rate was cut by 25 bp to 5.50 % from 5.75 %.
When is the next Magyar Nemzeti Bank rate decision?
The bank does not publish a decision calendar that we track.

All changes since 2020

DateRateChange
5.50 %−25 bp
5.75 %−25 bp
6.00 %−25 bp
6.25 %+25 bp
6.00 %−25 bp
6.25 %−25 bp
6.50 %−25 bp
6.75 %−25 bp
7.00 %−25 bp
7.25 %−50 bp
7.75 %−50 bp
8.25 %−75 bp
9.00 %−100 bp
10.00 %−75 bp
10.75 %−75 bp
11.50 %−75 bp
12.25 %−75 bp
13.00 %+125 bp
11.75 %+100 bp
10.75 %+100 bp
9.75 %+200 bp
7.75 %+185 bp
5.90 %+50 bp
5.40 %+100 bp
4.40 %+100 bp
3.40 %+50 bp
2.90 %+50 bp
2.40 %+30 bp
2.10 %+30 bp
1.80 %+15 bp
1.65 %+15 bp
1.50 %−15 bp
1.65 %+15 bp
1.50 %+30 bp
1.20 %+30 bp
0.90 %+30 bp
0.60 %−15 bp
0.75 %−15 bp

Dates before 2021 are month precision (monthly BIS data).

Other rates in Europe

Source: BIS central bank policy rates. Latest observation 9 Sep 2026. Refreshed every 30 minutes.