{
  "data": {
    "id": "magyar-nemzeti-bank-2026-09-22",
    "bank": "magyar-nemzeti-bank",
    "bankName": "Magyar Nemzeti Bank",
    "country": "HU",
    "date": "2026-09-22",
    "announceAt": null,
    "timezone": "Europe/Budapest",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 5.5,
    "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": "2026-09-22",
      "rateBefore": 5.5,
      "rateAfter": 5.5,
      "direction": "hold",
      "statement": "https://www.mnb.hu/en/monetary-policy/the-monetary-council/press-releases/2026/press-release-on-the-monetary-council-meeting-of-22-september-2026",
      "observed": true
    },
    "page": "https://macroindex.org/bank/magyar-nemzeti-bank/decision/2026-09-22",
    "account": {
      "summary": "The Monetary Council left the base rate unchanged at 5.50%.",
      "vote": "11–0",
      "reasons": [
        "The Council said inflation was 1.3% in August, below expectations, but its September projection raised 2027 inflation to 3.1% because of higher energy prices and a change to the excise duty on tobacco.",
        "It said high energy prices and an uncertain global economic and financial environment warranted a careful approach even though inflation was below target, and judged that keeping current rate conditions was necessary.",
        "The MNB announced that its inflation target will be 2.5% from 1 January 2028."
      ],
      "guidance": "The Council said it would decide on the base rate in a cautious and data-driven manner, assessing the inflation outlook, global developments and Hungary’s risk premium.",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.mnb.hu/en/monetary-policy/the-monetary-council/minutes/2026/minutes-of-the-monetary-council-meeting-of-22-september-2026"
        },
        {
          "label": "Inflation Report (September 2026)",
          "url": "https://www.mnb.hu/en/publications/reports/inflation-report/22-09-2026-inflation-report-september-2026"
        }
      ],
      "readFrom": [
        "https://www.mnb.hu/en/monetary-policy/the-monetary-council/press-releases/2026/press-release-on-the-monetary-council-meeting-of-22-september-2026"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:39:38.469Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}