Hungary - Money Market Rate





Hungary: Money Market Rate

Mnemonic IRMM.IHUN
Unit %, NSA
Adjustments Not Seasonally Adjusted
Monthly
Data Feb 2024 9.81
Jan 2024 10.59

Series Information

Source National Bank of Hungary (MNB)
Release Monetary and other balance sheet statistics
Frequency Monthly
Start Date 1/31/2000
End Date 2/29/2024

Hungary: Markets

Reference Last Previous Units Frequency
Lending Rate 19 Apr 2024 8.25 8.25 Percent, NSA Daily
Stock Market Index 18 Apr 2024 65,674 66,115 Index Jan 2 1991=1000, NSA Business Daily
Average Long-term Government Bond Mar 2024 6.49 6.22 % p.a., NSA Monthly
Treasury Bills (over 31 days) Mar 2024 6.64 6.86 % p.a., NSA Monthly
Money Market Rate Feb 2024 9.81 10.59 %, NSA Monthly

Release Information

The National Bank of Hungary (MNB) reports monthly monetary statistics for Hungary. Figures are presented in billions of Hungarian Forints (Bil. HUF). All series are not seasonally adjusted (NSA).

The National Bank of Hungary (MNB) reports monthly interbank lending interest rates and turnovers of unsecured interbank lending transactions. The following types of transactions are included in the data set: overnight, 1 month, 3 month, 6 month, and 12 month. Interbank lending interest rates are in percentages (%). Turnovers of unsecured interbank lending transactions in billions of Hungarian Forints (Bil. HUF). All figures are not seasonally adjusted (NSA).

Definitions of the available monetary aggregates are as follows:

  • M1: consists of currency outside monetary financial institutions and overnight forint and foreign currency deposits with resident other monetary financial institutions by non-financial residents other than state government.
  • M2: The sum of M1 and deposits with agreed maturity up to 2 years;
  • M3 ("Broad Money"): The sum of M2 and sales and repurchase agreements and money market shares/ units held by residents outside MFIs and debt securities up to 2 years (i.e. bonds, CDs) held by residents outside MFIs.

Data from the central bank are collected from its own records. Balance sheet data are restructured for statistical purposes by the Statistics Department. Data sources for other banks: Basic data source for other monetary financial institutions are compiled from their individual statistical reports. A uniform reporting scheme is used by all other monetary financial institutions.

Unsecured interbank loans are weighted by the total turnover of the reference month. Interbank lending interest rates represents a monthly average of the reference month. Data is updated at the end of the month with a one month lag. 

Concurrent with the dissemination of the October 2016 data, transactions for the reference month are on a trade-day basis. Prior data for the reference month was observed on a value-day basis.

The data are final when released after less than one month after the reference period, except in the case of the year-end data, when the data become final 5 months after the end of the year. On occasion, revisions to the final data may occur in the case of major reporting errors due to misclassifications by other monetary financial institutions.

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