The National Bank of Hungary's rate-setting board voted on Monday to keep its benchmark central bank base rate at 7.5%.
The decision surprised many economists, who expected the central bank to cut rates by 25 basis points.
But the central bank said that though the current environment leaves scope for reducing the base rate, upside risks to inflation and global uncertainty meant that the rate setting-board would "exercise care in setting interest rates".
"In light of fresh economic data releas
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