Jun 26
Hungary: MNB stays on hold
As expected the Hungarian central bank kept its key base rate unchanged at 9.50%. Details As expected the Hungarian central bank (MNB) today left its key policy rate unchanged at 9.50%. Assessment & Outlook: The decision to keep rates on hold was no surprise and the market impact of the rate decision should therefore be very limited. The MNB is basically stuck between a rock and a hard place on monetary policy. On the one hand, the Hungarian economy activity has plummeted, which is an
