Are you sure?

National Bank of Hungary likely to keep rates on hold at Monday meeting

Analysts polled by Reuters expect the National Bank of Hungary to keep rates on hold at 6.00% at a meeting on Monday, Reuters reported on Thursday.

All of the 27 analysts in the poll, carried out on May 9-11, said rate-setters would leave the base rate unchanged.

The MNB's Monetary Council left rates on hold for the third time in a row in April, following a tightening cycle started in November.

Twelve-month consumer price inflation in Hungary accelerated to 4.7% in April from 4.5% in March as food prices climbed, the Central Statistics Office (KSH) said on Wednesday.