The National Bank of Hungary‘s Monetary Council said members could consider a further reduction in rates if inflationary pressure remains moderate and financial market uncertainty wanes, according to the condensed minutes, published Wednesday, of a rate-setting meeting on March 26. “In terms of future monetary policy decisions, members agreed that the Council would only consider a further reduction in the policy rate if medium-term inflationary pressures remained moderate and the uncertainty surrounding financial market developments diminished,” according to the minutes.
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