Central bank likely to keep base rate at 2.10%

MNB

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.

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