Hungary holds as inflation moves closer to target: minutes

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Minutes from the National Bank of Hungary's Monetary Council meeting, published on Tuesday, shows the central bank held interest rates at 6% on the view that inflation would return to target without a policy tightening.

Annual CPI inflation in Hungary fell to 3.5% in June, from 3.9% the previous month. The Monetary Council said the decline in consumer prices was in line with previous expectations. It said falling unprocessed food prices had a dampening influence on overall consumer price

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