Hungary Interest Rate

The base rate, the Magyar Nemzeti Bank's main policy rate.

5.50%

No change vs Aug 2026

Sep 2026 · Monthly data

Not applicable, interest rates are not seasonally adjusted

Matches the latest releaseNot refreshed recently, awaiting the next release

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Interest Rate

Jul 2001 to Sep 2026

Source: BIS central bank policy rates (WS_CBPOL, M.HU, extended with the daily series D.HU) · MNB base rate, end of month, from July 2001; the current month shows the latest rate.

Hungary Interest Rate in context

Worked out from the published series shown above.

In Hungary, the interest rate fell by 1.00pp over the year to Sep 2026, from 6.50% in Sep 2025.

Over the past five years it has ranged from 1.65% in Sep 2021 to 13.00% in Sep 2022.

Its average since Jul 2001 is 5.74%, and the latest reading is below that.

Hungary is 2nd of 24 countries in our Interest Rate by Country ranking.

How this series is defined

Everything you need to check the figure against the source.

Source
BIS central bank policy rates (WS_CBPOL, M.HU, extended with the daily series D.HU)
Series
See the citation below
Frequency
Monthly
Unit
%
Seasonal adjustment
Not applicable, interest rates are not seasonally adjusted
Latest observation
Sep 2026
Revision status
Latest published estimate, subject to revision

In 2022 and 2023 the MNB steered short-term rates with an 18% one-day deposit tender while the base rate stood at 13%, so market rates were higher than the base rate in that period. Shown from mid-2001, when the MNB adopted inflation targeting. The instrument behind the base rate has changed: the two-week deposit rate until January 2007, the two-week MNB bill until July 2014, the two-week deposit again until September 2015, and the three-month deposit rate since.

Data refreshed 2026-10-09. Figures are the latest published observations and can be revised.

More Hungary indicators

Latest readings. Open any one for its full history.

Rankings

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