Central Bank of Hungary Lowers Inflation Target to 2.5 Percent
What happened
The Monetary Council of the National Bank of Hungary announced on September 22, 2026, that the country's medium-term inflation target has been lowered. The target moves from 3.0 percent to 2.5 percent, effective January 1, 2028. The council stated that this move supports Hungary in meeting the requirements for adopting the euro. The tolerance band of plus or minus 1 percentage point around the target remains unchanged.
From english.news.cn
Why it matters
The council noted that the review found the monetary policy framework was in line with international best practices. The council added that the convergence of nominal and real economic states supports the lower target.
The Central Bank of Hungary has implemented a new policy aimed at strengthening the national economy.
From english.news.cn
Who's involved
- HungaryCountry whose central bank made the policy announcement
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The entities involved
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Hungary
country in Central Europe