Apr 28
Hungary: MBH hikes again
The Hungarian central bank (MNB) today has hiked its key policy rate to 8.25% – in line with the consensus expectation, but contrary to our expectation of unchanged rates. Today’s decision once again confirms the MNB’s commitment to fighting inflation – despite the fact that economic growth remains very subdued in Hungary. Today’s rate hike undoubtedly must be seen in light of the fact that inflation remains above the MNB’s inflation target. Furthermore, inflation risks are probably twisted to
