ADVERTISEMENT

MNB to continue easing cycle if market sentiment improves, minutes show

Interview

The National Bank of Hungary's (MNB) Monetary Policy Council said members could consider a further reduction in rates if improved financial market sentiment persists and the inflation target is in line with the central bank's mid-term target, according to the condensed minutes, published on Wednesday, of a rate-setting meeting on January 29. “In terms of the Council’s future interest rate decisions, members agreed that the Council would only consider a further reduction in the policy rate if the medium-term outlook for inflation remained consistent with the bank’s 3% target and the improvement in financial market sentiment was sustained,” according to the minutes. The Council decided at the January meeting to cut the central bank's base rate by another 25 basis points to 5.50%, continuing an easing cycle started in August. The decision was in line with market expectations. The Council will hold its next rate-setting meeting on February 26.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.