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Hungary Central Bank Keeps Rates on Hold, as Expected

BY MT Newswires | ECONOMIC | 11:18 AM EDT

11:18 AM EDT, 03/24/2026 (MT Newswires) -- Hungary's central bank (MNB) on Tuesday said its Monetary Council left the key base rate at 6.25%, as expected by the majority of economists.

MNB noted in its policy statement that the Monetary Council also kept the o/n deposit rate at 5.25% and the o/n collateralized lending rate at 7.25%.

"The surge in energy prices and the increase in risk aversion significantly have raised global inflation risks," wrote the central bank in its policy statement, referring to the spike in oil and natural gas prices following the United States and Israeli attacks on Iran.

"Based on the Monetary Council's risk assessment, the baseline scenario in the March projection is surrounded by mostly upside risks to inflation and downside risks to growth," added the policy statement.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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