FEBRUARY 11, 2026 AT 01:00 PM
NBH Minutes (Jan): The inflation outlook was in line with the December projection
Importance
Level 1
- Several members stressed that the decrease in global food prices and the pass-through of a stronger forint to import prices supported disinflation. Regarding the external cost environment, however, the decision makers drew attention to rising energy prices.
- In their January decision, the Monetary Council discussed a single option, i.e. leaving the base rate unchanged.
- Based on incoming macroeconomic data and factors impacting the inflation outlook, the Council unanimously decided to leave the base rate unchanged at the meeting, in line with its stability-oriented approach.