The Fed
Magyar Nemzeti Bank pauses at 5.50% and lowers inflation target
The Magyar Nemzeti Bank kept its base rate at 5.50% on Sept 22 after three straight cuts. The central bank also announced a new 2.5% inflation target starting Jan 1, 2028.
How we got here
- The MNB reduced the base rate by 25 basis points to 6.00%. Hu
- The Monetary Council reduced the base rate by 25 basis points to 5.75%. Hu
- The Monetary Council reduced the base rate by 25 basis points to 5.50%. Publicnow
- The Monetary Council kept the base rate at 5.50% and announced a future 2.5% medium-term inflation target. Hu
- The abridged minutes of the September 22 Council meeting are scheduled for publication at 2 p.m. Hu
- The MNB's new 2.5% medium-term inflation target was scheduled to take effect. Hu
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