Hungary - Lending Rate




Hungary: Lending Rate

Mnemonic IRLEND.IHUN
Unit Percent, NSA
Adjustments Not Seasonally Adjusted
Daily
Data 26 Oct 2020 0.6
25 Oct 2020 0.6

Series Information

Source National Bank of Hungary (MNB)
Release Monetary Policy
Frequency Business Daily
Start Date 10/15/1990
End Date 10/26/2020

Hungary: Markets

Reference Last Previous Units Frequency
Lending Rate 26 Oct 2020 0.6 0.6 Percent, NSA Daily
Stock Market Index 22 Oct 2020 33,655 33,696 Index Jan 2 1991=1000, NSA Business Daily
Average Long-term Government Bond Sep 2020 2.39 2.18 % p.a., NSA Monthly
Treasury Bills (over 31 days) Aug 2020 0.3 0.33 % p.a., NSA Monthly
Money Market Rate Jul 2020 0.55 0.56 %, NSA Monthly

Release Information

Description

The instruments used by the central bank to implement monetary policy are generally called monetary policy instruments. The Monetary Council is the main decision making body that sets the key policy rate. The monetary policy rate is used to efficiently implement interest rates.  

Methodology

The MNB’s most important instrument is the two-week MNB-bill. The rate on the two-week MNB-bill serves as the policy rate that reflects best the monetary policy stance and its changes. By changing the base rate the central bank affects its operating target, the 3 month money market rates and indirectly the general economic developments.

Revisions

These rates are not subject to revisions. 

Notes

For more information, please visit: Source Methodology