Central bank likely to keep base rate at 2.10%
Analysts expect the National Bank's Monetary Council will leave the bank's base rate at the current 2.10% at its rate-setting meeting today, Hungarian news agency MTI reported.
Central bank governor György Matolcsy said in July that the bank would keep the base rate at the current level until the end of next year unless economic trends justified another easing cycle.
London-based analysts assume that Hungary's record low base rate would not be changed on Tuesday, but the country's inflationary tendencies and slowing economic growth could offer room for further easing next year.
ADVERTISEMENT
Farm Input Prices Climb 5.4%Â in Q1-Q3
Sport Now 'Strategic Sector' for Hungary - Minister
Passenger Rail Linking Szeged, Subotica Restarts After 8 Yea...
More Guest Nights y.o.y. for Year-end
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.
