Central Bank RatesHungary policy rate in 2023 (3 changes)
Start of year13.00%
End of year10.75%Dec 29, 2023
Net change-225 bp0 hikes, 3 cuts
Average12.77%
Rank by level6 / 38
Changes in 2023
| Date | From | To | Change |
|---|---|---|---|
| Oct 25, 2023 | 13.00% | 12.25% | cut -75 bp |
| Nov 22, 2023 | 12.25% | 11.50% | cut -75 bp |
| Dec 20, 2023 | 11.50% | 10.75% | cut -75 bp |
Compared with other areas at the end of 2023
42.5%
16%
13%
11.75%
11.25%
10.75%
9.25%
8.25%
8.25%
7%
6.75%
6.75%
6.5%
6.5%
6.5%
6.3%
6%
6%
5.75%
5.75%
5.5%
5.375%
5.25%
5%
4.75%
4.5%
4.5%
4.35%
4.25%
4%
3.6%
3.5%
3.45%
3%
3%
2.5%
1.75%
-0.1%
Year-end rate over time
5.5%
6.5%
6.5%
10.75%
13%
2.4%
0.6%
0.9%
0.9%
0.9%
0.9%
1.35%
2.1%
3%
5.75%
7%
5.75%
6.25%
10%
7.5%
8%
6%
9.5%
12.5%
8.5%
9.75%
11%
2023: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.