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