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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."

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