Banks › Magyar Nemzeti Bank › History › 26 May 2026
Magyar Nemzeti Bank: decision of 26 May 2026
The Monetary Council left the base rate unchanged at 6.25%.
Decision
hold
- Rate
- 6.25%=6.25%
- Change
- 0 bp
- Vote
- 10–1
- Announced
Sources
- Statement
- mnb.hu/en/monetary-policy/the-moneta…
- Minutes
- mnb.hu/en/monetary-policy/the-moneta…
- Recorded
- 26 May 2026
- Data
- JSON
What the bank said
The Council said consumer prices rose 2.1% and core inflation 2.2% in April, both below the March Inflation Report projection.
It judged that the inflation outlook had improved significantly, helped by a stronger forint and a significant decline in risk premia, but said high global energy and commodity prices posed upside risks.
The Council said the uncertain global environment warranted a careful approach and that all factors would be assessed comprehensively in the June Inflation Report.
Guidance. The Council said it would decide on the base rate cautiously and in a data-driven manner, also weighing whether the decline in risk premia persists.
Dissent
One member, Péter Gottfried, voted to cut the base rate by 25 basis points to 6.00%.
Before and after
- Previous decision: 28 Apr 2026, held the central bank base rate at 6.25%.
- Next decision: 23 Jun 2026, cut the central bank base rate by 25 bp to 6.00%.
- All Magyar Nemzeti Bank decisions and the rate history