Hungary’s central bank keeps base rate on hold
Image by Jessica Fejos
The National Bank of Hungaryʼs (MNB) Monetary Policy Council (MPC) today decided to keep the central bankʼs key rate on hold at 1.35% at a rate-setting policy meeting held today, Hungarian news agency MTI reported.
(Photo: Jessica Fejos)
The MPC’s decision came as predicted, as analysts from a Reuters poll unanimously expected the MNB to maintain its base rate at this time. They added that the base rate could remain unchanged until the end of the year, when it might be raised to 1.83% by the end of 2017.
Since the central bank’s easing cycle ended in July, the MPC has kept the base rate on hold at its current level.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.