Hungarian central bank governor: May consider increasing the proportion of gold in foreign exchange reserves

According to ME News, on January 27 (UTC+8), the Central Bank of Hungary announced it would maintain its benchmark interest rate at 6.5%, continuing its tight monetary policy to maintain financial market stability and committing to achieving its 3% CPI target sustainably. Despite continued uncertainty about the inflation outlook, the central bank will assess interest rate decisions cautiously and data-driven at each meeting. Central Bank Governor Varga stated that Hungary may consider increasing the proportion of gold in its central bank reserves. (According to the latest data from the World Gold Council in January, as of November 2025, Hungary's gold reserves will be 110 tons, accounting for 25.5% of its foreign exchange reserves.) He pointed out that the appreciation of the forint helps limit the rise in import prices. (Source: ME)