Trademagazin > News and articles > Market News > The MNB raised the key interest rate by 30 basis points
The MNB raised the key interest rate by 30 basis points
On Thursday, the Magyar Nemzeti Bank (MNB) announced its one-week deposit tender at 6.45 percent, 30 percentage points higher than in the previous week.
Analysts also expected such a rise after the Monetary Council raised its key interest rate by 100 basis points on Tuesday. The base rate is now 5.40 percent.
The MNB has recently separated the one-week deposit rate from the base rate, and has also widened and made the interest rate corridor asymmetric in order to increase its room for maneuver. (MTI)
Related news
MNB: both inflation and core inflation were in the middle of the central bank’s March forecast band
Both inflation and core inflation were in the middle of…
Read more >MNB: instant payment goes to a new level
From April 1, all domestic consumers and businesses can complete…
Read more >MNB: Hungary’s competitiveness in the EU ranking has deteriorated
Hungary’s competitiveness fell two places in 2023 compared to the…
Read more >
More related news >
Related news
Waves in the company trend – the changing faces of liquidations and company formations
Even with decreasing terminations, decreasing numbers of companies in the…
Read more >IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >