The Hungarian central bank has decided to maintain its benchmark interest rate at 6.5%, continuing its tight monetary policy to ensure financial market stability and achieve a sustainable 3% CPI target. Despite ongoing inflation uncertainties, the bank will make interest rate decisions cautiously, based on data at each meeting.
Central bank governor Varga indicated that Hungary might increase the proportion of gold in its foreign exchange reserves. As of November 2025, Hungary's gold reserves stood at 110 tons, representing 25.5% of its foreign exchange reserves, according to the World Gold Council. Varga noted that the appreciation of the forint is helping to limit the rise in import prices.
Hungary Considers Boosting Gold Reserves Amid Monetary Tightening
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