Jul 21
Hungary: Central bank kept the base rate on hold at 8.50%
At its today monetary meeting, the monetary council kept the base rate on hold at 8.50%, in line with market expectations. In its statements the council has maintained its relatively hawkish tone by repeating that they are committed to the 3% inflation target. Tight monetary conditions help a decline in inflation and curb the possible indirect effects of inflationary expectations. The statement again pointed out continued inflation risks, stemming from global food, oil and raw materials
