Reutersʼ poll: MNB to keep key rates on hold until next year
Photo by Jessica Fejos
The National Bank of Hungary (MNB) is expected to keep its key rate on hold until next year, according to analysts polled by Reuters, the news service reported yesterday.
(Photo: Jessica Fejos)
Analysts polled earlier, in January, anticipated a rise in the base rate to 1.83% by the end of next year, according to reports.
Of the 21 analysts polled by Reuters this month, all said that MNB’s Monetary Council would likely keep the base rate unchanged at 1.35% in a meeting scheduled for February 23.
During its last monthly policy meeting, the Monetary Council said that “inflationary pressures would remain moderate over a sustained period” and that “the current level of the base rate and maintaining loose monetary conditions for an extended period, over the entire forecast horizon, were consistent with the medium-term achievements of the inflation target and a corresponding degree of support to the economy”, according to Reuters.
The Monetary Council also said that monetary easing could continue by employing “existing unconventional tools”, according to minutes from the January meeting, the news service reported.
ADVERTISEMENT
MNB Sees Broadening Disinflationary Impact Till Year-end
V4 Agri Officials: WTO Case Over Grain Bans 'Unfortunate'
BYD Announces 1st Dealers in Hungary
Budapest Muni Council Clears Rác Baths Renovation
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.
