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NBH policymakers keep base rate on hold

June 19th, 2018

The National Bank of Hungary's Monetary Council decided to keep the central bank's key rate on hold at 0.9 percent at a monthly policy meeting on Tuesday. The Council has left the base rate on hold since signalling an end to an easing cycle at a policy meeting in the spring of 2016. However, the rate-setters have made use of "unconventional, targeted" instruments to ease monetary policy further. In a statement released after the meeting, the Council suggested an adjustment to the timeframe for maintaining its loose policy compared to earlier communications.


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