This was the expectation of a majority of analysts, experts and pundits, with most polled by Reuters and the Wall Street Journal, among others, reckoning today’s cut would be 0.20%
In a statement released after the decisive meeting, the Monetary Council stated that the MNB’s “3% mid-term inflation target provided the scope for further monetary policy easing.
“In the Council’s view, considering the outlook for inflation and the real economy and taking into account perceptions of the risks associated with the economy, further cautious easing of monetary conditions may follow,” read the statement in part.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
