{"id":173965,"date":"2026-07-15T16:55:22","date_gmt":"2026-07-15T16:55:22","guid":{"rendered":"https:\/\/www.europesays.com\/hu\/173965\/"},"modified":"2026-07-15T16:55:22","modified_gmt":"2026-07-15T16:55:22","slug":"g7-jo-esellyel-nem-most-csokkentik-utoljara-a-lakossagi-allampapirok-kamatat","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/hu\/173965\/","title":{"rendered":"G7: J\u00f3 es\u00e9llyel nem most cs\u00f6kkentik utolj\u00e1ra a lakoss\u00e1gi \u00e1llampap\u00edrok kamat\u00e1t"},"content":{"rendered":"

\"J\u00f3<\/p>\n

A Magyar \u00c1llamkincst\u00e1r \u00e1llampap\u00edr-\u00e9rt\u00e9kes\u00edt\u00e9si pontja a zugl\u00f3i korm\u00e1nyhivatalban \u2013 Fot\u00f3: Bruz\u00e1k No\u00e9mi \/ MTI<\/p>\n

\"Stubnya<\/a><\/p>\n

T\u00f6bb \u00e1llampap\u00edr kamat\u00e1t is cs\u00f6kkenti az \u00c1llamad\u00f3ss\u00e1g Kezel\u0151 K\u00f6zpont (\u00c1KK) p\u00e9ntekt\u0151l: a Fix Magyar \u00c1llampap\u00edr (FixM\u00c1P) \u00e9s a Magyar \u00c1llampap\u00edr Plusz (M\u00c1P Plusz) hozama f\u00e9l sz\u00e1zal\u00e9kponttal cs\u00f6kken.<\/p>\n

El\u0151zm\u00e9nyek: m\u00e1jus<\/a> \u00f3ta<\/a> ez m\u00e1r a harmadik<\/a> kamatcs\u00f6kkent\u00e9s. P\u00e9ntekt\u0151l m\u00e1jus elej\u00e9hez k\u00e9pest:<\/p>\n

A FixM\u00c1P kamata 1,5 sz\u00e1zal\u00e9kponttal 7-r\u0151l 5,5 sz\u00e1zal\u00e9kra cs\u00f6kken (\u00e9s az \u00faj kibocs\u00e1t\u00e1s ut\u00e1n m\u00e1r csak 3 \u00e9v lesz a futamideje).A M\u00c1P Plusz kamata a 6,5\u20137,5 sz\u00e1zal\u00e9k k\u00f6z\u00f6tti s\u00e1vb\u00f3l szint\u00e9n 1,5 sz\u00e1zal\u00e9kponttal az 5\u20136 sz\u00e1zal\u00e9k k\u00f6zti s\u00e1vba ker\u00fcl.Ezek mellett a nyomdai M\u00c1P Plusz, a Kincst\u00e1ri Takar\u00e9kjegy \u00e9s a B\u00f3nusz Magyar \u00c1llampap\u00edrok kamata is cs\u00f6kkent (el\u0151bbi kett\u0151n\u00e9l 1 sz\u00e1zal\u00e9kponttal, ut\u00f3bbin\u00e1l a kamatpr\u00e9mium 0,5 sz\u00e1zal\u00e9kponttal).<\/p>\n

Sz\u00e1mokban: j\u00fanius k\u00f6zep\u00e9n a lakoss\u00e1g k\u00f6r\u00e9ben<\/a> a h\u00e1rom legn\u00e9pszer\u0171bb \u00e1llampap\u00edr a FixM\u00c1P, a PM\u00c1P \u00e9s a B\u00f3nusz volt, \u00edgy a kamatcs\u00f6kkent\u00e9sek sz\u00e9les k\u00f6rben \u00e9rintik a lakoss\u00e1gi k\u00f6tv\u00e9nytulajdonosakat (a PM\u00c1P infl\u00e1ci\u00f3k\u00f6vet\u0151, \u00edgy \u0151ket az infl\u00e1ci\u00f3 cs\u00f6kken\u00e9se miatt).<\/p>\n

Ez ugyan rossz h\u00edr a kisbefektet\u0151knek, de az \u00e1llam finansz\u00edroz\u00e1sa olcs\u00f3bb\u00e1 v\u00e1lik ez\u00e1ltal. Hasonl\u00f3 folyamat j\u00e1tsz\u00f3dik le az int\u00e9zm\u00e9nyi befektet\u0151k sz\u00e1m\u00e1ra is el\u00e9rhet\u0151 \u00e1llampap\u00edrokn\u00e1l, amelyek hozama m\u00e1rcius k\u00f6zepe \u00e9s j\u00falius k\u00f6zepe k\u00f6z\u00f6tt nagyj\u00e1b\u00f3l 2,5 sz\u00e1zal\u00e9kponttal cs\u00f6kkent<\/a>.<\/p>\n

Aluln\u00e9zet: id\u00e9n az \u00c1llamad\u00f3ss\u00e1g Kezel\u0151 K\u00f6zpont 1300 milli\u00e1rd forintnyi k\u00f6tv\u00e9nyt szeretne eladni a lakoss\u00e1gnak, amib\u0151l j\u00fanius 30-ig 988 milli\u00e1rd gazd\u00e1ra is tal\u00e1lt az \u00c1KK k\u00f6zlem\u00e9nye szerint<\/a>.<\/p>\n

Az \u00e9ves terv 76 sz\u00e1zal\u00e9ka teljes\u00fclt \u00edgy a lakoss\u00e1g eset\u00e9ben. Ez az ar\u00e1ny alacsonyabb (45 sz\u00e1zal\u00e9k) volt a deviz\u00e1s int\u00e9zm\u00e9nyi pap\u00edrok eset\u00e9ben, viszont magasabb a forintalap\u00fa int\u00e9zm\u00e9nyi pap\u00edrok eset\u00e9ben (nagyj\u00e1b\u00f3l 150 sz\u00e1zal\u00e9k).<\/p>\n

Fel\u00fcln\u00e9zet: az els\u0151 f\u00e9l\u00e9v v\u00e9g\u00e9n fenn\u00e1ll\u00f3 teljes ad\u00f3ss\u00e1g 22,5 sz\u00e1zal\u00e9ka volt lakoss\u00e1gi tulajdonban, ami abban a 20 \u00e9s 25 sz\u00e1zal\u00e9k k\u00f6zti s\u00e1vban van, amit az \u00c1KK c\u00e9lk\u00e9nt t\u0171z\u00f6tt ki. Ez az ar\u00e1ny egy\u00e9bk\u00e9nt hasonl\u00f3 a t\u00edz \u00e9vvel ezel\u0151tti szinthez, 2016 augusztus\u00e1ban ugyanis a teljes ad\u00f3ss\u00e1g h\u00fasz sz\u00e1zal\u00e9ka volt<\/a> lakoss\u00e1gi \u00e1llampap\u00edrokban.<\/p>\n

Emellett c\u00e9l volt a fix kamatoz\u00e1s\u00fa ad\u00f3ss\u00e1g ar\u00e1ny\u00e1nak n\u00f6vel\u00e9se, ami szint\u00e9n siker\u00fclt (az ad\u00f3ss\u00e1g h\u00e1romnegyede volt ilyen).<\/p>\n

Mi v\u00e1rhat\u00f3? Az int\u00e9zm\u00e9nyi \u00e1llampap\u00edrokn\u00e1l l\u00e1that\u00f3 hozamcs\u00f6kken\u00e9s \u00e9s az id\u0151ar\u00e1nyosan j\u00f3l \u00e1ll\u00f3 lakoss\u00e1gi \u00e9rt\u00e9kes\u00edt\u00e9s alapj\u00e1n nem lenne meglep\u0151, ha nem az eheti lenne az utols\u00f3 kamatcs\u00f6kkent\u00e9s a lakoss\u00e1gi \u00e1llampap\u00edrokn\u00e1l. K\u00fcl\u00f6n\u00f6sen abban az esetben, ha az infl\u00e1ci\u00f3 alacsony marad<\/a>, \u00e9s a Magyar Nemzeti Bank tov\u00e1bb cs\u00f6kkenti a jelenleg 6 sz\u00e1zal\u00e9kos alapkamatot.<\/p>\n

K\u00f6vess minket Facebookon is!<\/p>\n","protected":false},"excerpt":{"rendered":"A Magyar \u00c1llamkincst\u00e1r \u00e1llampap\u00edr-\u00e9rt\u00e9kes\u00edt\u00e9si pontja a zugl\u00f3i korm\u00e1nyhivatalban \u2013 Fot\u00f3: Bruz\u00e1k No\u00e9mi \/ MTI T\u00f6bb \u00e1llampap\u00edr kamat\u00e1t is…\n","protected":false},"author":2,"featured_media":173966,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[33],"tags":[50558,5400,5401,24776,5459,50557,27287,38,35,37,44,42,40,43,41,34,327,17604,36,39],"class_list":["post-173965","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hirek","tag-adossagfinanszirozas","tag-akk","tag-allamadossag-kezelo-kozpont","tag-allamkotveny","tag-allampapir","tag-bmap","tag-fixmap","tag-focimek","tag-headlines","tag-hirek","tag-hu","tag-hungarian","tag-hungary","tag-magyar","tag-magyarorszag","tag-news","tag-penz","tag-pmap","tag-top-stories","tag-vezeto-hirek"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@hu\/116925047082116359","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/173965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/comments?post=173965"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/173965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media\/173966"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media?parent=173965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/categories?post=173965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/tags?post=173965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}