{"id":173188,"date":"2026-10-20T14:31:05","date_gmt":"2026-10-20T14:31:05","guid":{"rendered":"https:\/\/friss-hirek.hu\/index.php\/dontott-az-mnb-igy-alakul-az-alapkamat-a-kovetkezokben-magyarorszagon\/friss-hirek\/"},"modified":"2026-10-20T14:31:05","modified_gmt":"2026-10-20T14:31:05","slug":"dontott-az-mnb-igy-alakul-az-alapkamat-a-kovetkezokben-magyarorszagon","status":"publish","type":"post","link":"https:\/\/friss-hirek.hu\/index.php\/dontott-az-mnb-igy-alakul-az-alapkamat-a-kovetkezokben-magyarorszagon\/uzlet\/","title":{"rendered":"D\u00f6nt\u00f6tt az MNB, \u00edgy alakul az alapkamat a k\u00f6vetkez\u0151kben Magyarorsz\u00e1gon"},"content":{"rendered":"<p><strong>A jegybank d\u00f6nt\u00e9shoz\u00f3i az \u00f3vatoss\u00e1g jelent\u0151s\u00e9g\u00e9t emelt\u00e9k ki a d\u00f6nt\u00e9s indokl\u00e1sa sor\u00e1n.<\/strong><\/p><div id=\"friss-1119500859\" class=\"friss-etarget friss-entity-placement\"><script type=\"text\/javascript\" id=\"etargetScript7a9b589f63cb072bef80df221f46a22b\">function etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b(){var e=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",t=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",o=document.getElementById(e);if(o){for(var n=o.offsetTop,d=o.offsetLeft,r=o.offsetWidth,a=o.offsetHeight;o.offsetParent;)o=o.offsetParent,n+=o.offsetTop,d+=o.offsetLeft;var i=(n<=window.pageYOffset+window.innerHeight&&d<window.pageXOffset+window.innerWidth&&n+a>window.pageYOffset&&d+r>window.pageXOffset);if(i&&etargetAllowOtherCheck){allowed=!1;var c=document.createElement(\"script\");return c.src=\"\/\/hu.search.etargetnet.com\/generic\/uni.php?g=ref:58661,area:700x210\",void(document.getElementById(t)&&document.getElementById(e)&&(document.getElementById(t).parentNode.appendChild(c),document.getElementById(t).parentNode.removeChild(document.getElementById(t)),document.getElementById(e).parentNode.removeChild(document.getElementById(e)),document.removeEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b)))}}}var etargetDivID=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",etargetScriptID=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",etargetPostloadPoint=document.createElement(\"div\");etargetPostloadPoint.id=etargetDivID;var etargetCurScript=document.getElementById(etargetScriptID);etargetCurScript.parentNode.appendChild(etargetPostloadPoint),document.addEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b);var etargetAllowOtherCheck=!0;if(typeof(\"forceRunPostload\")==\"string\"){etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b()}<\/script><\/div>\n<p><strong>Mi t\u00f6rt\u00e9nt? <\/strong>Az el\u0151zetes piaci \u00e9s elemz\u0151i v\u00e1rakoz\u00e1soknak megfelel\u0151en ism\u00e9t a kamatok szinten tart\u00e1sa mellett hat\u00e1rozott a Magyar Nemzeti Bank (MNB) monet\u00e1ris tan\u00e1csa, a Varga Mih\u00e1ly vezette test\u00fclet ism\u00e9t az adatk\u00f6zpont\u00fa d\u00f6nt\u00e9shozatal fontoss\u00e1g\u00e1t hangs\u00falyozta, der\u00fclt ki a jegybank <a href=\"https:\/\/www.mnb.hu\/monetaris-politika\/a-monetaris-tanacs\/kozlemenyek\/2026\/kozlemeny-a-monetaris-tanacs-2026-oktober-20-i-uleserol\">k\u00f6zlem\u00e9ny\u00e9b\u0151l<\/a>. Az ir\u00e1nyad\u00f3 r\u00e1ta \u00edgy a tov\u00e1bbiakban is 5,5%-on alakul majd.<\/p>\n<div class=\"related-post-links\">\n<p>\t\t<span class=\"related-post-links__title minititle\">Tov\u00e1bbiak ebb\u0151l<\/span><\/p>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/mnb-ugy-igy-zajlott-a-politikai-taktikazas-a-sulyos-ugy-korul\/\" class=\"related-post-links__link\">MNB-\u00fcgy: \u00edgy zajlott a politikai taktik\u00e1z\u00e1s a s\u00falyos \u00fcgy k\u00f6r\u00fcl<\/a>\n\t\t\t<\/div>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/euro-bevezetes-forint-mnb-jegybank-kozpontibank-suranyi-bod\/\" class=\"related-post-links__link\">Volt jegybankeln\u00f6k\u00f6k tal\u00e1lkoz\u00f3ja: \u201eA magyarok nagy r\u00e9sze t\u00e1mogatja az eur\u00f3 bevezet\u00e9s\u00e9t, ez legink\u00e1bb Matolcsy Gy\u00f6rgynek k\u00f6sz\u00f6nhet\u0151\u201d<\/a>\n\t\t\t<\/div>\n<\/div>\n<p><strong>R\u00e9szletek. <\/strong>A monet\u00e1ris tan\u00e1cs kiemelte, \u00e1tlagban id\u00e9n 1,8 sz\u00e1zal\u00e9kon, 2027-ben pedig 3,1 sz\u00e1zal\u00e9kon alakulhat majd az infl\u00e1ci\u00f3 \u00fcteme, amely 2028 elej\u00e9re arra a jegybanki c\u00e9lra m\u00e9rs\u00e9kl\u0151dik, amit hossz\u00fa id\u0151 ut\u00e1n cs\u00f6kkentett a kor\u00e1bbi 3%-r\u00f3l 2,5%-ra a jegybank. Az \u00e9v h\u00e1tral\u00e9v\u0151 r\u00e9sz\u00e9ben \u00e9s 2027-ben az infl\u00e1ci\u00f3 emelked\u00e9s\u00e9t f\u0151k\u00e9nt a magasabb \u00fczemanyag\u00e1rak \u00e9s a doh\u00e1nyterm\u00e9kek j\u00f6ved\u00e9ki ad\u00f3j\u00e1nak v\u00e1ltoz\u00e1sa okozza, emelt\u00e9k ki a k\u00f6zlem\u00e9nyben. <\/p>\n<p><strong>Makrok\u00e9p. <\/strong>Az MNB kiemelte, az energia\u00e1rak magas szintje, az emelked\u0151 hozamk\u00f6rnyezet, illetve a vil\u00e1ggazdas\u00e1gi \u00e9s p\u00e9nz\u00fcgyi piaci kil\u00e1t\u00e1sokat \u00f6vez\u0151 bizonytalans\u00e1g \u00f3vatos monet\u00e1ris politikai megk\u00f6zel\u00edt\u00e9st indokol. El\u0151retekintve a hazai kock\u00e1zati meg\u00edt\u00e9l\u00e9st a k\u00f6lts\u00e9gvet\u00e9si p\u00e1lya, az eur\u00f3bevezet\u00e9sre vonatkoz\u00f3 v\u00e1rakoz\u00e1sok, illetve a k\u00fcls\u0151 piaci k\u00f6rnyezet befoly\u00e1solja legink\u00e1bb.<\/p>\n<p><strong>Mit jelent ez a gyakorlatban? <\/strong>A jegybank hangs\u00falyozta, a pozit\u00edv re\u00e1lkamat mellett a p\u00e9nz\u00fcgyi piacok, kiemelten a devizapiac stabilit\u00e1s\u00e1nak fenntart\u00e1sa t\u00e1mogatja az infl\u00e1ci\u00f3s v\u00e1rakoz\u00e1sok horgonyz\u00e1s\u00e1t, ez\u00e1ltal hozz\u00e1j\u00e1rulva az \u00e1rstabilit\u00e1si c\u00e9l el\u00e9r\u00e9s\u00e9hez. A gazdas\u00e1gpolitikai int\u00e9zked\u00e9sek \u00e9s azok piaci fogadtat\u00e1sa befoly\u00e1solja a monet\u00e1ris politika mozg\u00e1ster\u00e9t, ez\u00e9rt a tan\u00e1cs folyamatosan \u00e9rt\u00e9keli az infl\u00e1ci\u00f3s kil\u00e1t\u00e1sokat, a glob\u00e1lis fejlem\u00e9nyeket \u00e9s a hazai kock\u00e1zati fel\u00e1rakat. <\/p>\n<p><strong>Kontextus. <\/strong>Az MNB szeptemberben jelentette be, hogy hossz\u00fa id\u0151 ut\u00e1n cs\u00f6kkenti az infl\u00e1ci\u00f3s c\u00e9lt, \u00e9s \u00fcl\u00e9srendj\u00e9t is megv\u00e1ltoztatja, ezent\u00fal az Eur\u00f3pai K\u00f6zponti Bank m\u0171k\u00f6d\u00e9s\u00e9t m\u00e1solj\u00e1k majd le. Ez a k\u00e9t l\u00e9p\u00e9s <a href=\"https:\/\/www.forbes.hu\/penz\/euro-bevezetes-forint-mnb-jegybank-kozpontibank-suranyi-bod\/\">er\u0151s jelz\u00e9s volt az eur\u00f3bevezet\u00e9s mellett<\/a>, hiszen mindk\u00e9t oldalon meg\u00e1gyazott ezzel a jegybank a v\u00e1rhat\u00f3 \u00e1t\u00e1ll\u00e1snak. <\/p>\n<p><!-- No email blocks found --><\/p>\n<p>The post <a href=\"https:\/\/www.forbes.hu\/penz\/mnb-kamatdontes-oktober\/\">D\u00f6nt\u00f6tt az MNB, \u00edgy alakul az alapkamat a k\u00f6vetkez\u0151kben Magyarorsz\u00e1gon<\/a> appeared first on <a href=\"https:\/\/www.forbes.hu\/\">Forbes.hu<\/a>.<\/p><div id=\"friss-4234224857\" class=\"friss-etarget-cikk-vege friss-entity-placement\"><script type=\"text\/javascript\" id=\"etargetScript7a9b589f63cb072bef80df221f46a22b\">function etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b(){var 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c.src=\"\/\/hu.search.etargetnet.com\/generic\/uni.php?g=ref:58661,area:700x210\",void(document.getElementById(t)&&document.getElementById(e)&&(document.getElementById(t).parentNode.appendChild(c),document.getElementById(t).parentNode.removeChild(document.getElementById(t)),document.getElementById(e).parentNode.removeChild(document.getElementById(e)),document.removeEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b)))}}}var etargetDivID=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",etargetScriptID=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",etargetPostloadPoint=document.createElement(\"div\");etargetPostloadPoint.id=etargetDivID;var 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id=\"friss-3509016836\" class=\"friss-after-content_3 friss-entity-placement\">https:\/\/www.youtube.com\/watch?v=Pdnw4KiUWp0<\/div>","protected":false},"excerpt":{"rendered":"<p>A jegybank d\u00f6nt\u00e9shoz\u00f3i az \u00f3vatoss\u00e1g jelent\u0151s\u00e9g\u00e9t emelt\u00e9k ki a d\u00f6nt\u00e9s indokl\u00e1sa sor\u00e1n. Mi t\u00f6rt\u00e9nt? Az el\u0151zetes piaci \u00e9s elemz\u0151i v\u00e1rakoz\u00e1soknak megfelel\u0151en ism\u00e9t a kamatok szinten tart\u00e1sa mellett hat\u00e1rozott a Magyar Nemzeti Bank (MNB) monet\u00e1ris tan\u00e1csa, a Varga Mih\u00e1ly vezette test\u00fclet ism\u00e9t az adatk\u00f6zpont\u00fa d\u00f6nt\u00e9shozatal fontoss\u00e1g\u00e1t hangs\u00falyozta, der\u00fclt ki a jegybank k\u00f6zlem\u00e9ny\u00e9b\u0151l. Az ir\u00e1nyad\u00f3 r\u00e1ta \u00edgy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-173188","post","type-post","status-publish","format-standard","hentry","category-uzlet"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts\/173188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/comments?post=173188"}],"version-history":[{"count":0,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts\/173188\/revisions"}],"wp:attachment":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/media?parent=173188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/categories?post=173188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/tags?post=173188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}