Reuters poll: MNB to keep base rate on hold

MNB

Image by Pixabay

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.

ADVERTISEMENT

Millennium Gardens Opens with Over 90% Occupancy of Phase I Analysis

Millennium Gardens Opens with Over 90% Occupancy of Phase I

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

Blue Chip Art and Passion Assets - Claudia Worthington Hess ... Podcasts

Blue Chip Art and Passion Assets - Claudia Worthington Hess ...

Magyar Posta to Close 35 Post Offices in Capital City

Magyar Posta to Close 35 Post Offices in Capital

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.