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Rate decision was unanimous, says MNB governor

The National Bank’s seven-member monetary council decided unanimously to keep key-interest on hold at 6% at its Tuesday-afternoon rate-setting session, National Bank of Hungary (MNB) Governor András Simor said at a press conference.

Simor noted that the council considered no alternative proposals to keeping the rate on hold.

The MNB governor remarked that inflation could dip to below 3% in Hungary by the end of 2012 even without raising interest rates.