Hungarian Central Bank Maintains Key Interest Rates

The Magyar Nemzeti Bank's Monetary Council has decided to keep its central bank base rate unchanged at 5.50%. This move aligns with the bank's objective to achieve price stability, targeting 2.5% inflation by January 2028. The decision comes amid global inflation exceeding targets in the euro area and US, rising oil and gas prices, and concerns over developed market debt sustainability, which are influencing long-term yields and the US dollar.