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National Bank of Hungary keeps key rate on hold at 6.00%

The National Bank of Hungary's Monetary Council decided to leave the central bank's key rate on hold at 6.00% at a meeting on Monday.

The decision was in line with market expectations.

Rate-setters left the key rate unchanged for the fifth month in a row following a tightening cycle started last November.

At a press conference after the meeting, MNB governor Andras Simor said the proposal to keep rates on hold was the only one made and the vote was unanimous.