According to Diana, “It is clear to us that into 2014, the big story for monetary policy is not how much lower the base rate goes from here, but how effective [the Funding for Growth scheme] turns out to be.”
Diana went on the forecast that the key rate will “probably reduce the two-week deposit rate to 2.6% early next year,” well lower than MNB governor György Matolcsy’s forecast of 3%.
The base rate is currently at 3.2% after the latest 0.20% reduction made earlier this week.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
