FX.co ★ Hungary Leaves Base Rate Unchanged for 10th Month

The National Bank of Hungary maintained its key interest rate at 6.50% for the tenth consecutive meeting on July 22, aligning with market expectations. The overnight deposit rate remained at 5.5%, while the collateralized loan rate held steady at 7.5%. Headline inflation rose slightly to 4.6% in June, which is significantly higher than the central bank's target of 3.0%.