Monetary Council leaves base rate on hold
The Monetary Council of the National Bank of Hungary (MNB) did not change the 6.25% Hungarian central bank base rate at its meeting on Monday.
The bank said, however, that, with a gradual increase of the base rate it intends to create monetary conditions that will help inflation to return to the long-term target of 3% after an expected temporary increase.
Many on the market expected a rate hike after the forint weakened onto the weak side of its band last week.
ADVERTISEMENT
MNB Int'l Reserves Rise EUR 579 mln in November
Gov't to Launch HUF 20 bln Workers Hostel Program
Retail Sales Fall 6.5% y.o.y. in October
Heineken Balaton Sound Announces 1st Phase Lineup
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.
