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MPC holds non-rate-setting meeting

MNB

MNB headquarters in Budapest (Image by Jessica Fejos)

The Monetary Policy Council (MPC) of the National Bank of Hungary (MNB) today held a non-rate-setting meeting, Hungarian news agency MTI reported.

(Photo: Jessica Fejos)

According to an announcement by the central bank, the rate setters discussed economic and financial trends at the meeting, but, as per the agenda, rates were not discussed.

The next rate-setting meeting of the central bank’s MPC is scheduled for November 17.

The Hungarian National Bank (MNB) surprised analysts last week by predicting loose monetary policies four years into the future. Analysts had previously expected an increase to the base rate by 2017.

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