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Central Bank

Prime Minister Viktor Orbán with his press chief Bertalan Havasi in Kötcse on 8 September 2024

PM Orbán Announces Peace Budget and Plans for Wage and Family Support Increases

At the annual Kötcse gathering of conservative political and cultural elites Viktor Orbán shared that an action plan has been drafted for a ‘peace budget’ that will involve wage hikes, as well as more government support for families and for…
Dr Barbara Kolm, founder and Director of the Austrian Economics Center (C), and Dr Ádám Banai, Managing Director of the Hungarian National Bank for Monetary Policy Instruments (L) in the first panel of the conference

Digitalization, Free Trade, Migration and More — Free Market Road Show Held at Danube Institue

The Free Market Road Show, held for the ninth time, was organized in collaboration with the Austrian Economics Center and the Danube Institute. This year’s speakers discussed topics such as Central Bank Digital Currencies and the related issues of individual…

Markets Dip after US Federal Reserve Decision, Hungarian National Bank Cuts Interest Rates Again

The Fed is not cutting the federal interest rate, and is keeping it at 5.5 per cent, the highest it has been since the early 2000s. Meanwhile in Hungary, the National Bank cut interest rates on 31 January….

Hungarian Central Bank Cuts Interest Rate By 75 Basis Points

The base interest rate has been cut for the third consecutive time, something that has not happened since 2020. These developments will greatly help eople who are looking to take out a mortgage, a business loan, or invest some money…
Workers in helmets at a construction site (illustration).

Government’s CSOK Expansion Set to Help Housing Market, Raise Birth Rates

High interest rates have taken a toll on the Hungarian housing market, as they have in virtually every country. The expanded CSOK programme by the Orbán administration can do a lot to revitalize the market, all the while incentivizing child…

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