Hungary: Policy rate

* indicates monthly or quarterly data series
The most recent value is 6.75 percent as of August 2024, no change compared to the previous value of 6.75 percent. Historically, the average for Hungary from January 2000 to August 2024 is 6.03 percent. The minimum of 0.6 percent was recorded in July 2020, while the maximum of 13 percent was reached in January 2000. Click on the following link to see the values of: Policy rate around the world.
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* indicates monthly or quarterly data series

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Recent values Hungary: Policy rate, percent
2024  Aug 6.75
2024  Jul 6.75
2024  Jun 7
2024  May 7.25
2024  Apr 7.75
2024  Mar 8.25
2024  Feb 9
2024  Jan 10


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Definition: The interest rate which best captures the monetary authorities' policy intentions. Different countries have different policy interest rates. The most common are the overnight lending rate, discount rate and repurchase rate (of different maturities). In the USA the policy rate is the federal funds rate. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. The federal funds rate is essentially determined by the market but is influenced by the Federal Reserve through open market operations to reach the federal funds rate target. In the Euro area the policy rate is the main refinancing operations rate. The main refinancing operations (MRO) rate is the interest rate banks pay when they borrow money from the ECB for one week. When they do this, they have to provide collateral to guarantee that the money will be paid back. The policy interest rates determine the levels of the rest of the interest rates in the economy, since it is the price at which private agents (mostly private banks) obtain money from the central bank.

 Related indicators Latest Reference Measure
 Inflation 17.1 2023 percent
 Exchange rate regimes 7 2022 index points
 USD exchange rate 368.8785 10/2024 Local Currency Units per USD
 Money supply (broad money) 42,026.30 6/2024 billion
 Consumer Price Index (CPI) 167.4200 9/2024 index points
 Inflation, monthly -0.25 9/2024 percent
 Inflation, annual 3.03 9/2024 percent
 Private sector credit 23,326.60 6/2024 billion
 Business credit 12,781.20 6/2024 billion
 Household credit 10,545.40 6/2024 billion
 Mortgage credit 5,298.65 6/2024 billion
 Consumer credit 5,246.75 6/2024 billion
 Deposit interest rate 5.08 6/2024 percent
 Business credit interest rate 8.98 6/2024 percent
 Mortgage credit interest rate 5.62 6/2024 percent
 Policy rate 6.75 8/2024 percent
 Household debt to GDP 16.60 3/2024 percent
 Debt service ratios for private non-financial sector 13.90 Q1/2024 percent
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