The decision to keep rates on hold — taken for the sixth month in a row — was in line with market expectations. The Monetary Council last changed the rate – raised it by 50 basis points — on December 21, 2011.
The Council discussed two proposals, one to keep the rate on hold an another for a 25bp rate cut, and the Council took the decision with an overwhelming majority, NBH governor András Simor told a press conference held after the meeting.
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