The decision is in line with analysts’ expectations. The base rate, which equals the central bank two-week depo rate, has been unchanged since September 20, 2005 when it was reduced 25bp to 6%.
At the previous rate-setting meeting on April 24, the Monetary Council voted unanimously to leave the base rate unchanged. The council reduced the key rate at each of its monthly rate-setting meetings between October 2004 and September 2005, from 11% to 6%.
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.
