Hungary's central bank on Monday decided to keep its benchmark base rate unchanged at 6 percent for the second straight month. The decision was in line with economists' expectations.
In January, the central bank raised the key rate by 25 basis points to its current level. The central bank resumed the rate hike in November after holding it steady for six meetings.
Consumer price inflation edged up to 4.1 percent in February from 4 percent in January. Inflation has been running above the 3 percent target since March 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.