Hungary was split on October rate hold

The Central Bank of Hungary's rate-setting board was evenly split on whether to hold or cut rates on 29 October, minutes out on Friday show.

Six of the 12-strong board, wanted to cut rates by 25 basis points to 7.25%. But Andras Simor, the governor of the central bank, who holds the deciding vote, opted for a rate hold.

The more dovish half had argued that inflation would be around the central bank's 3% medium-term target for the time relevant for monetary policy. Also, the expected decline in

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