Press release on the Monetary Council meeting of 8 March 2022 | MNB.hu
Central bank: mnb | Type: statement | Date: 2022-03-08

The Monetary Council reviewed recent economic and financial market developments. In accordance with its meeting schedule, the Council did not discuss changing the base rate; however, at its current meeting a decision was taken to widen the interest rate corridor. Based on its current decision, the Monetary Council increased the overnight and the one-week collateralised lending rate by 100 basis points to 6.40 percent.
In the current period of turbulence in financial markets, a key task for the MNB is to ensure market stability, in addition to meeting its primary objective of price stability. The MNB stands ready to intervene in order to ensure the stability of the financial system using all instruments of its monetary policy toolkit.
Monetary Council
Budapest, 8 March 2022