The MNB raised the key interest rate by 30 basis points

By: Trademagazin editor Date: 2022. 04. 28. 11:18

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.

Base rate increasingly catches up with one-week deposit rates

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)