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Analysts see MNB keeping rates on hold on Monday

  Hungary's central bank (MNB) is expected to keep its base rate on hold at 5.25% on Monday, its first pause after an unbroken streak of cuts since July 2009, a Reuters poll of analysts showed on Thursday.

 

In the poll, conducted on May 25-26, 17 out of 23 analysts predicted the bank would keep its key interest rate on hold at its next rate-setting meeting on May 31.

The Monetary Council has cut its base rate by a combined 425 basis points since July 2009 to a record low. (MTI-ECONEWS)