Ungheria Tasso Di Interesse

The National Bank of Hungary kept its key interest rate at 6.50%, extending its pause for a 15th straight meeting, in line with market expectations. This tied Romania for the highest level in the EU. Headline inflation fell to a 1-year low of 3.8%, entering the 3% ±1 percentage point target range for the first time in a year, aided by a stronger forint and the decline in global commodity and food prices. The bank trimmed its 2026 inflation forecast to 3.2% from 3.8% and lowered its GDP growth projection for the same year to 2.4% from 2.8%, citing a dual-speed economy, with robust private consumption offsetting weaker investment and net exports. Tightness in the labor market has moderated in recent quarters, though unemployment remains near historical lows. On the global front, economic growth has shown modest improvement, though lingering trade and geopolitical tensions pose risks. The MNB signaled that monetary easing could be considered if inflation and exchange rate dynamics permit.