The Council and central bank governor György Matolcsy communicated earlier in February that a decision on any possible rate change would not be made until after a review of the MNB’s next Inflation Report, which the Council is not scheduled to discuss until a policy meeting on March 24.
After a rate-setting meeting last July, the Council said it had wound up an easing cycle initiated almost two years earlier.
At the policy meeting in January, the rate-setters acknowledged “the risks pointing in the direction of looser monetary policy had increased in the short term”, but said a decision on any rate change should be made based on a review of the March Inflation Report.
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