Real interest rates are clearly positive in Hungary and Poland, while in Czechia they fluctuate around zero.
Real current interest rates in the economies of Central and Eastern Europe
The chart shows the behavior of real current interest rates in Poland, Czechia, and Hungary from January 2025 to October 2025. At the end of this period, Hungary’s real rate stood at 2.3%, Poland’s at 1.6%, and the Czechia’s at 0.2%.