Hungary: central bank policy rate

Last updated: Oct 9, 2026 11:15 UTC

Policy rate5.50%Sep 30, 2026

For information only. Figures are reproduced from the cited sources, may be delayed or contain errors, and are not advice of any kind. Always check the original source. This is not investment advice. Translations on this site are not official BIS translations.

SinceAug 26, 2026cut -25 bp

1 year ago6.50%

Last 2 years (daily values)

Policy rate since 2000 (month-end values)

All changes since 2000

Date	From	To	Change
Aug 26, 2026	5.75%	5.50%	cut -25 bp
Jul 22, 2026	6.00%	5.75%	cut -25 bp
Jul 1, 2026	6.25%	6.00%	cut -25 bp
Jun 25, 2026	6.00%	6.25%	hike +25 bp
Jun 24, 2026	6.25%	6.00%	cut -25 bp
Feb 25, 2026	6.50%	6.25%	cut -25 bp
Sep 25, 2024	6.75%	6.50%	cut -25 bp
Jul 24, 2024	7.00%	6.75%	cut -25 bp
Jun 19, 2024	7.25%	7.00%	cut -25 bp
May 22, 2024	7.75%	7.25%	cut -50 bp
Apr 24, 2024	8.25%	7.75%	cut -50 bp
Mar 27, 2024	9.00%	8.25%	cut -75 bp
Feb 28, 2024	10.00%	9.00%	cut -100 bp
Jan 31, 2024	10.75%	10.00%	cut -75 bp
Dec 20, 2023	11.50%	10.75%	cut -75 bp
Nov 22, 2023	12.25%	11.50%	cut -75 bp
Oct 25, 2023	13.00%	12.25%	cut -75 bp
Sep 28, 2022	11.75%	13.00%	hike +125 bp
Aug 31, 2022	10.75%	11.75%	hike +100 bp
Jul 27, 2022	9.75%	10.75%	hike +100 bp
Jul 13, 2022	7.75%	9.75%	hike +200 bp
Jun 29, 2022	5.90%	7.75%	hike +185 bp
Jun 1, 2022	5.40%	5.90%	hike +50 bp
Apr 27, 2022	4.40%	5.40%	hike +100 bp
Mar 23, 2022	3.40%	4.40%	hike +100 bp
Feb 23, 2022	2.90%	3.40%	hike +50 bp
Jan 26, 2022	2.40%	2.90%	hike +50 bp
Dec 15, 2021	2.10%	2.40%	hike +30 bp
Nov 17, 2021	1.80%	2.10%	hike +30 bp
Oct 20, 2021	1.65%	1.80%	hike +15 bp
Sep 22, 2021	1.50%	1.65%	hike +15 bp
Aug 25, 2021	1.20%	1.50%	hike +30 bp
Jul 28, 2021	0.90%	1.20%	hike +30 bp
Jun 23, 2021	0.60%	0.90%	hike +30 bp
Jul 22, 2020	0.75%	0.60%	cut -15 bp
Jun 24, 2020	0.90%	0.75%	cut -15 bp
May 25, 2016	1.05%	0.90%	cut -15 bp
Apr 27, 2016	1.20%	1.05%	cut -15 bp
Mar 23, 2016	1.35%	1.20%	cut -15 bp
Jul 22, 2015	1.50%	1.35%	cut -15 bp
Jun 24, 2015	1.65%	1.50%	cut -15 bp
May 27, 2015	1.80%	1.65%	cut -15 bp
Apr 22, 2015	1.95%	1.80%	cut -15 bp
Mar 25, 2015	2.10%	1.95%	cut -15 bp
Jul 23, 2014	2.30%	2.10%	cut -20 bp
Jun 25, 2014	2.40%	2.30%	cut -10 bp
May 28, 2014	2.50%	2.40%	cut -10 bp
Apr 30, 2014	2.60%	2.50%	cut -10 bp
Mar 26, 2014	2.70%	2.60%	cut -10 bp
Feb 19, 2014	2.85%	2.70%	cut -15 bp
Jan 22, 2014	3.00%	2.85%	cut -15 bp
Dec 18, 2013	3.20%	3.00%	cut -20 bp
Nov 27, 2013	3.40%	3.20%	cut -20 bp
Oct 30, 2013	3.60%	3.40%	cut -20 bp
Sep 25, 2013	3.80%	3.60%	cut -20 bp
Aug 28, 2013	4.00%	3.80%	cut -20 bp
Jul 24, 2013	4.25%	4.00%	cut -25 bp
Jun 26, 2013	4.50%	4.25%	cut -25 bp
May 29, 2013	4.75%	4.50%	cut -25 bp
Apr 24, 2013	5.00%	4.75%	cut -25 bp
Mar 27, 2013	5.25%	5.00%	cut -25 bp
Feb 27, 2013	5.50%	5.25%	cut -25 bp
Jan 30, 2013	5.75%	5.50%	cut -25 bp
Dec 19, 2012	6.00%	5.75%	cut -25 bp
Nov 28, 2012	6.25%	6.00%	cut -25 bp
Oct 31, 2012	6.50%	6.25%	cut -25 bp
Sep 26, 2012	6.75%	6.50%	cut -25 bp
Aug 29, 2012	7.00%	6.75%	cut -25 bp
Dec 21, 2011	6.50%	7.00%	hike +50 bp
Nov 30, 2011	6.00%	6.50%	hike +50 bp
Jan 25, 2011	5.75%	6.00%	hike +25 bp
Dec 21, 2010	5.50%	5.75%	hike +25 bp
Nov 30, 2010	5.25%	5.50%	hike +25 bp
Apr 27, 2010	5.50%	5.25%	cut -25 bp
Mar 30, 2010	5.75%	5.50%	cut -25 bp
Feb 23, 2010	6.00%	5.75%	cut -25 bp
Jan 26, 2010	6.25%	6.00%	cut -25 bp
Dec 22, 2009	6.50%	6.25%	cut -25 bp
Nov 24, 2009	7.00%	6.50%	cut -50 bp
Oct 20, 2009	7.50%	7.00%	cut -50 bp
Sep 29, 2009	8.00%	7.50%	cut -50 bp
Aug 25, 2009	8.50%	8.00%	cut -50 bp
Jul 28, 2009	9.50%	8.50%	cut -100 bp
Jan 20, 2009	10.00%	9.50%	cut -50 bp
Dec 23, 2008	10.50%	10.00%	cut -50 bp
Dec 9, 2008	11.00%	10.50%	cut -50 bp
Nov 25, 2008	11.50%	11.00%	cut -50 bp
Oct 22, 2008	8.50%	11.50%	hike +300 bp
May 27, 2008	8.25%	8.50%	hike +25 bp
Apr 29, 2008	8.00%	8.25%	hike +25 bp
Apr 1, 2008	7.50%	8.00%	hike +50 bp
Sep 25, 2007	7.75%	7.50%	cut -25 bp
Jun 26, 2007	8.00%	7.75%	cut -25 bp
Oct 25, 2006	7.75%	8.00%	hike +25 bp
Sep 26, 2006	7.25%	7.75%	hike +50 bp
Aug 29, 2006	6.75%	7.25%	hike +50 bp
Jul 25, 2006	6.25%	6.75%	hike +50 bp
Jun 20, 2006	6.00%	6.25%	hike +25 bp
Sep 20, 2005	6.25%	6.00%	cut -25 bp
Aug 23, 2005	6.75%	6.25%	cut -50 bp
Jul 19, 2005	7.00%	6.75%	cut -25 bp
Jun 21, 2005	7.25%	7.00%	cut -25 bp
May 24, 2005	7.50%	7.25%	cut -25 bp
Apr 26, 2005	7.75%	7.50%	cut -25 bp
Mar 30, 2005	8.25%	7.75%	cut -50 bp
Feb 22, 2005	9.00%	8.25%	cut -75 bp
Jan 25, 2005	9.50%	9.00%	cut -50 bp
Dec 21, 2004	10.00%	9.50%	cut -50 bp
Nov 23, 2004	10.50%	10.00%	cut -50 bp
Oct 19, 2004	11.00%	10.50%	cut -50 bp
Aug 17, 2004	11.50%	11.00%	cut -50 bp
May 4, 2004	12.00%	11.50%	cut -50 bp
Apr 6, 2004	12.25%	12.00%	cut -25 bp
Mar 23, 2004	12.50%	12.25%	cut -25 bp
Nov 28, 2003	9.50%	12.50%	hike +300 bp
Jun 19, 2003	7.50%	9.50%	hike +200 bp
Jun 11, 2003	6.50%	7.50%	hike +100 bp
Jan 17, 2003	7.50%	6.50%	cut -100 bp
Jan 16, 2003	8.50%	7.50%	cut -100 bp
Dec 17, 2002	9.00%	8.50%	cut -50 bp
Nov 19, 2002	9.50%	9.00%	cut -50 bp
Jul 9, 2002	9.00%	9.50%	hike +50 bp
May 22, 2002	8.50%	9.00%	hike +50 bp
Feb 19, 2002	9.00%	8.50%	cut -50 bp
Jan 22, 2002	9.50%	9.00%	cut -50 bp
Jan 8, 2002	9.75%	9.50%	cut -25 bp
Dec 11, 2001	10.25%	9.75%	cut -50 bp
Nov 13, 2001	10.75%	10.25%	cut -50 bp
Oct 25, 2001	11.00%	10.75%	cut -25 bp
Sep 10, 2001	11.25%	11.00%	cut -25 bp
Jul 13, 2001	11.00%	11.25%	hike +25 bp
Apr 3, 2000	12.00%	11.00%	cut -100 bp
Mar 1, 2000	13.00%	12.00%	cut -100 bp
Jan 20, 2000	14.50%	13.00%	cut -150 bp

Which rate is shown (BIS notes, in English)

Official base rate.

As from 23 Sep 2015: 3 month MNB deposit rate. From 1 Aug 2014 to 22 Sep 2015: the 2 week MNB deposit rate. From 10 Jan 2007 to 31 Jul 2014: the 2 week MNB bil rate. Prior to 10 Jan 2007: the 2 week MNB deposit rate.

Changes by year

Method

We download the BIS daily policy-rate series (WS_CBPOL). A change is recorded on the first day the published value differs from the previous day's value. Series that ended (for example euro area members before joining the euro) are not listed. bp = basis points (0.01 percentage point).

About this page

The policy rate of Hungary is 5.50% (BIS data as of Sep 30, 2026).