NBH minutes show one member wanted rate cut

A single rate-setter on Hungary's 13-member Monetary Council voted in favour of a 25-basis-point rate cut at the MPC's 23 April policy meeting, the minutes published Friday 11 may showed. Changes to the Central bank Act will see a reduction in the number of members on the MPC.

"Several Council members claimed that the picture concerning the likely inflation trend has not become considerably clearer since previous month's meeting. They claimed that the wage data of the competitive sector have b

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