FX.co ★ Hungary Holds Base Rate Unchanged for 13th Month

The National Bank of Hungary maintained its key interest rate at 6.50% during its meeting on October 21, marking the thirteenth consecutive session without change, in line with market expectations. The overnight deposit and collateralized loan rates were also kept steady at 5.5% and 7.5%, respectively. Headline inflation remained consistent at 4.3% for the second month in a row in August, surpassing the central bank’s target range of 2–4%. Meanwhile, GDP growth was confirmed at 0.1% year-on-year for the second quarter of 2025, aligning with earlier projections.