ADVERTISEMENT

MNB continues cutting, sets base rate at 1.35%

Analysis

The Monetary Policy Council (MPC) the National Bank of Hungary decided at a rate-setting policy meeting today to keep the pace of its easing cycle started in March and cut the base rate with 15 bp to 1.35%, Hungarian news agency MTI reported.

The Monetary Council issued guidance for further "slight" easing after the policy meeting in June. Earlier, the Councilʼs guidance had been for "cautious easing...as long as it supports the achievement of the medium-term inflation target", MTI said.

Central Bank Base Rate by 50 bp to 7.25% MNB

Central Bank Base Rate by 50 bp to 7.25%

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Óbuda Uni Planning Technology and Innovation Park Innovation

Óbuda Uni Planning Technology and Innovation Park

White Raven Skybar, Laurent-Perrier Champagnes Enter Special... Drinks

White Raven Skybar, Laurent-Perrier Champagnes Enter Special...

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.