Forint's slide prompts drastic hike in Hungary

The National Bank of Hungary on Wednesday hiked rates by 300 basis points to 11.5% on Wednesday after the forint's slump against the euro intensified.

"On 22 October, the Monetary Council held a special meeting. After reviewing the latest financial market developments, the council decided to raise the central bank base rate to 11.5%," the central bank said, adding that the council had also opted to narrow its overnight deposit and collateralised lending facilities to within half a point of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account