Wed 15 May 2024
Warszawa (PL)
16/8°C
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Wed 15 May 2024
Praha (CZ)
17/11°C
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Wed 15 May 2024
Bratislava (SK)
17/10°C
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Wed 15 May 2024
Budapest (HU)
17/9°C
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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.
MTI
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