Reuters poll: MNB to keep base rate on hold

MNB

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The rate-setters of the National Bank of Hungary’s (MNB) Monetary Policy Council (MPC) are expected to keep the base rate at 1.35% at a policy meeting scheduled for January 26, analysts polled by news service Reuters said yesterday.

Reuters surveyed 21 analysts between January 18-20, all of whom said they believe the MNB will keep its key rate on hold. 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.

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