kamatlábemelés

Kamatlábemelés, meaning interest rate hike in Hungarian, refers to an increase in the benchmark interest rate set by a country's central bank. In Hungary, this is typically the base rate set by the Hungarian National Bank (Magyar Nemzeti Bank or MNB). Central banks adjust interest rates as a primary tool of monetary policy to influence economic activity, primarily by managing inflation and supporting economic stability.

When the central bank raises the key interest rate, borrowing becomes more expensive for commercial banks. This increased cost is then passed on to consumers and businesses through higher interest rates on loans, mortgages, and credit cards. Conversely, saving money becomes more attractive as interest rates on deposits and savings accounts tend to rise. The intended effect of kamatlábemelés is often to curb inflation by reducing aggregate demand. Higher borrowing costs can discourage spending and investment, thereby easing upward pressure on prices.

The decision to implement a kamatlábemelés is usually based on economic indicators such as inflation rates, economic growth, and unemployment figures. If inflation is persistently above the central bank's target, a rate hike is a common response. Conversely, if the economy is slowing down or facing deflationary pressures, a central bank might consider lowering interest rates. Kamatlábemelés can also affect currency exchange rates, potentially strengthening the national currency as higher interest rates attract foreign capital seeking better returns. The impact of an interest rate hike can be significant across various sectors of the economy, influencing investment decisions, consumer spending, and overall economic growth.