Fri 19 April 2024
Warszawa (PL)
4/0°C
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Fri 19 April 2024
Praha (CZ)
4/2°C
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Fri 19 April 2024
Bratislava (SK)
7/3°C
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Fri 19 April 2024
Budapest (HU)
9/2°C
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June 9th, 2021
Monetary policy is set to shift towards a more hawkish stance as early as June, with a possible hike in the base rate, Gyorgy Matolcsy, the governor of the National Bank of Hungary (NBH), told a conference on Wednesday. A persistent rise in inflation would endanger the recovery, he said. The Hungarian economy can withstand a rate hike, the governor said, adding that given the risk to the economy posed by inflation, the Monetary Council is compelled to raise interest rates.
MTI
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