Analysts see central bank keeping rates on hold at Tuesday meeting - poll

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The National Bank of Hungary's (MNB) Monetary Council is likely to keep rates on hold at 6.00% at a meeting on September 20, analysts polled by Reuters said.

All 25 analysts surveyed in the poll, conducted on September 13-15, said rate-setters would not change the central bank's key rate at the meeting on Tuesday.

Of the 20 analysts who gave forecasts for the end of 2011, three predicted a rise, three a cut and 14 said rates would remain unchanged.

The Monetary Council voted unanimously to keep the base rate on hold at the last rate-setting meeting on August 23 because keeping the rate unchanged "over a sustained period" would help bring inflation to the 3% mid-term "price stability" target, the minutes of the meeting show.

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