Hungary's Central Bank Governor: May Consider Increasing the Gold Share in Foreign Reserves

PANews January 27 News, the Hungarian Central Bank announced that it will keep the benchmark interest rate unchanged at 6.5%, continue to implement a tightening monetary policy to maintain financial market stability, and is committed to sustainably achieving the 3% CPI target. Although inflation prospects remain uncertain, the central bank will evaluate interest rate decisions in a cautious, data-driven manner at each meeting. Hungarian Central Bank Governor Világos stated that Hungary might consider increasing the proportion of gold in its reserves. (According to the latest data from the World Gold Council in January, as of November 2025, Hungary’s gold reserves are 110 tons, accounting for 25.5% of its foreign exchange reserves.) He pointed out that the appreciation of the forint helps to limit the rise in import prices.