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16.12.202513:03:00UTC+00Hungary Keeps Rates Steady for 15th Meeting

The National Bank of Hungary maintained its primary interest rate at 6.50% on December 16, marking the 15th consecutive meeting without a change, which was anticipated by market analysts. The overnight deposit rate and collateralized loan rate were also held steady at 5.5% and 7.5%, respectively. Inflation has moderated to a 12-month low of 3.8%, aligning with the central bank's target range of 3% plus or minus 1 percentage point for the first time in a year. However, the labor market exhibited some fragility, as unemployment increased to 4.6% in October, the highest it has been since November 2024. On the other hand, the economy displayed signs of recovery, with the annual growth rate reaching its quickest pace since the second quarter of 2024.

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