Hungarian Central Bank Reduces Base Rate

Hungary's National Tax and Customs Administration has announced that the Hungarian National Bank (central bank) reduced the base interest rate from 6.00% to 5.75% with effect from 22 July 2026. The rate was previously reduced from 6.25% to 6.00% effective 24 June 2026. For tax purposes, the rate is important for the interest charged on late tax payments, which is equal to the base rate on the original payment deadline increased by 5%. Click the following link for the current and historical …