• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
The National Bank of Hungary keeps base rate on holdThe National Bank of Hungary keeps base rate on holdThe National Bank of Hungary keeps base rate on holdThe National Bank of Hungary keeps base rate on hold
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Daily News Daily News · 22/11/2016
· Business

The National Bank of Hungary keeps base rate on hold

economy National Bank of Hungary
National Bank of Hungary

Budapest, November 22 (MTI) – The National Bank of Hungary’s Monetary Council left the central bank’s base rate on hold at 0.90 percent at a policy meeting on Tuesday.

The decision was in line with expectations.

The Council also narrowed the interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates. The O/N collateralised loan rate, the top of the range, was lowered from 1.05 percent to 0.90 percent, while the O/N central bank deposit rate remained unchanged at -0.05 percent.

The interest rate for the one-week collateralised loan was lowered from 1.00 percent to 0.90 percent.

The Council signalled an end to an easing cycle at a policy meeting in May and have since stood by their position on keeping the base rate on hold. At the same time, the Council has taken a number of unconventional monetary policy moves such as limiting the amount and frequency of the NBH’s three-month deposits, the central bank’s main sterilisation instrument, as well as cutting banks’ reserve requirement ratio.

Source: MTI

economy National Bank of Hungary
Share
Daily News
Daily News

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Match suspended in Romania due to anti-Hungarian slogans
  • Guess which is the busiest railway station in Hungary!
  • Tomb of Hungarian ancestor Hun king found in Romania?
  • Huge price increases in popular Budapest spas
  • Hungarian meat to be exported to the Philippines
  • Ukrainian mayor to Viktor Orbán: “We’ll get you, you bastards!”
  • Budapest Mayor: artificial intelligence is smarter than the Hungarian government
  • Important: Wizz Air cancels all flights to this city

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V