Hungary holds rates at 7.5%

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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: