Bank360: Another interest rate hike is coming, the biggest battle for government bond money starts today

By: Trademagazin Date: 2025. 02. 20. 10:57

One inflation-tracking government bond matures today, three other series pay interest, and the interest rate on PMÁPs, which are losing their appeal from now on, will also be decided in the coming days. Investors now have to decide the fate of more than 2,200 billion forints. In addition to the state, banks, fund managers and insurers are also fighting for the huge amount – according to the Bank360.hu summary.

The biggest interest rate of the year will greet the owners of Premium Hungarian Government Bonds (PMÁP) in the coming days. A smaller series matures on February 20, and according to data from the State Debt Management Center (ÁKK), it contains less than 50 billion forints. However, there are also five other series that pay the peak interest rate on February 20, 21, 22 and 23, and they contain approximately 2,200 billion forints. Some of the series pay 18.35 percent interest now, others 19.1 percent, but after that they will only continue with 4.45 or 5.2 percent interest.

Hundreds of thousands of retail investors are affected by the current interest payment and maturity of PMÁPs, many of them will receive a notification about this, but this is not automatic for everyone. It is therefore worth keeping an eye on the account of those who keep their money in the 2025/I series that is now expiring, or in the 2026/J, 2030/I that pays interest on the 2029/I that pays interest on the 21st, the 2028/I due on the 23rd, and the 2027/K series that will be due on the 24th, to see if the interest has already arrived.
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