{
  "data": {
    "id": "magyar-nemzeti-bank-2026-06-23",
    "bank": "magyar-nemzeti-bank",
    "bankName": "Magyar Nemzeti Bank",
    "country": "HU",
    "date": "2026-06-23",
    "announceAt": null,
    "timezone": "Europe/Budapest",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 6.25,
    "step": 0.25,
    "calendarSource": "https://www.mnb.hu/en/monetary-policy/the-monetary-council",
    "citation": "Listed as a policy meeting \"(P)\" on the Monetary Council's 2026 meeting schedule. The schedule gives no time for the decision; the \"2 pm\" on it applies to the minutes.",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.mnb.hu/en/monetary-policy/the-monetary-council/press-releases/<year>/press-release-on-the-monetary-council-meeting-of-<d>-<month>-<year>",
      "foundAt": "https://www.mnb.hu/en/monetary-policy/the-monetary-council/press-releases/2026",
      "example": "https://www.mnb.hu/en/monetary-policy/the-monetary-council/press-releases/2026/press-release-on-the-monetary-council-meeting-of-22-september-2026",
      "resolvable": true,
      "reads": {
        "right": 6,
        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-06-23",
      "rateBefore": 6.25,
      "rateAfter": 6,
      "direction": "cut",
      "statement": "https://www.mnb.hu/en/monetary-policy/the-monetary-council/press-releases/2026/press-release-on-the-monetary-council-meeting-of-23-june-2026",
      "observed": true
    },
    "page": "https://macroindex.org/bank/magyar-nemzeti-bank/decision/2026-06-23",
    "account": {
      "summary": "The Monetary Council cut the base rate by 25 basis points to 6.00%.",
      "vote": "10–1",
      "dissent": "One member, Zoltán Kovács, voted for a 50 basis point cut to 5.75%.",
      "reasons": [
        "The Council said inflation fell to 1.8% and core inflation to 2.0% in May, and that the June forecast shifted the inflation path significantly lower, to an average of 1.8% in 2026 and 2.3% in 2027.",
        "It said easing tensions after the US–Iran agreement and a persistently lower risk premium, helped by the government’s agreement with the European Commission on EU funds, significantly increased its room for manoeuvre.",
        "The Council said the euro-sale instrument for energy import coverage had helped keep the foreign exchange market stable in the first weeks of the conflict and would remain available until 30 June 2026."
      ],
      "guidance": "The Council said that if favourable developments persist it sees room for further cuts throughout the summer, while keeping real rates positive, with continuation to be decided on the basis of the September Inflation Report.",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.mnb.hu/en/monetary-policy/the-monetary-council/minutes/2026/minutes-of-the-monetary-council-meeting-of-23-june-2026"
        },
        {
          "label": "Inflation Report (June 2026)",
          "url": "https://www.mnb.hu/en/publications/reports/inflation-report/25-06-2026-inflation-report-june-2026"
        }
      ],
      "readFrom": [
        "https://www.mnb.hu/en/monetary-policy/the-monetary-council/press-releases/2026/press-release-on-the-monetary-council-meeting-of-23-june-2026"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T22:46:22.105Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}