Analysts see central bank keeping rates on hold at Tuesday meeting - poll

Interview

The National Bank of Hungary's (MNB) Monetary Council is likely to keep rates on hold at 6.00% at a meeting on September 20, analysts polled by Reuters said.

All 25 analysts surveyed in the poll, conducted on September 13-15, said rate-setters would not change the central bank's key rate at the meeting on Tuesday.

Of the 20 analysts who gave forecasts for the end of 2011, three predicted a rise, three a cut and 14 said rates would remain unchanged.

The Monetary Council voted unanimously to keep the base rate on hold at the last rate-setting meeting on August 23 because keeping the rate unchanged "over a sustained period" would help bring inflation to the 3% mid-term "price stability" target, the minutes of the meeting show.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.