The statutory mandate of the Magyar Nemzeti Bank (MNB) is to achieve and maintain price stability, preserve financial stability and support the Government's policies on economic and environmental sustainability.

Monetary policy instruments are the instruments used by the central bank in the practical implementation of monetary policy. In designing and operating the instruments, the MNB aims to ensure that the instruments used support the implementation of monetary policy, and in particular the implementation of the central bank's interest rate policy. 

The range of possible instruments of the central bank is set out in Act CXXXIX of 2013 on the Magyar Nemzeti Bank. The potential range of instruments includes all central bank instruments that the MNB may use under the applicable central bank law. The business instrument pool is the set of instruments for which the MNB has a set of business conditions or a valid central bank regulation in force. Applied instruments comprise the part of the business instrument pool for which transactions between the MNB and its counterparties are continuous or regular.

Terms and Conditions of the Operations of the Central Bank in Forint and Foreign Currency Markets (effective from September 1, 2023) Time series of the MNB policy rate and interest rates linked to monetary policy instruments (from 1 January 2002) Volume of monetary policy instruments Money market and tender information (weekly agenda) Green Monetary Policy Toolkit Strategy (2021) Q&A on changes related to the reserve requirement system (20 October, 2023)
Monetary policy statistics

Archive

Terms and Conditions of the Operations of the Central Bank in Forint and Foreign Currency Markets (Archive) Monetary policy instruments of the Magyar Nemzeti Bank during the Covid-19 crisis: liquidity, safety, flexibility (2020) Future strategic framework for the set of unconventional monetary policy instruments affecting short-term yields (2018)
Notice on the conditions of conditional euro sale transactions related to energy import coverage (effective between from 28 December, 2022 and 31 March 2023) Notice on the conditions of conditional euro sale transactions related to energy import coverage (effective between 7 November, 2022 and 27 December 2022)