Rate-setters Ready for 'Appropriate Actions' if Risks Increase

MNB

Image by Jessica Fejos

The Monetary Council of the National Bank of Hungary (MNB) said that maintaining the current level of the base rate "for a prolonged period is required to achieve the price stability objective over the monetary policy horizon, in a statement released after its monthly policy meeting.

"The council is constantly assessing incoming data and developments in the outlook for inflation and is ready to take appropriate actions if risks increase," they added.

The policymakers said the continued use of instruments reducing interbank forint liquidity "strengthens the effectiveness of monetary policy transmission in a targeted manner."

They added that maintaining market stability is also "key to achieving price stability."

ADVERTISEMENT

Pallas Athene Foundation Assets Rise Close to HUF 282 bln Figures

Pallas Athene Foundation Assets Rise Close to HUF 282 bln

Gov't to Launch HUF 700 bln Business Credit SchemeĀ  Government

Gov't to Launch HUF 700 bln Business Credit SchemeĀ 

Duna House Boosts Stake in Italian Peer Residential

Duna House Boosts Stake in Italian Peer

Avatar: The Way of Water Breaks Box Office Record in Hungary Art

Avatar: The Way of Water Breaks Box Office Record in Hungary

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.