The Central Bank Has Decided, Mihály Varga Will Speak Soon
9 Articles
9 Articles
According to Mihály Varga, a cautious monetary policy is necessary.
As expected, the Monetary Council of the Hungarian National Bank (MNB) left the base rate at 5.5% on Tuesday. The central bank will release a statement on the background to the decision this afternoon, and President Mihály Varga will hold a press conference.
So it will remain at 5.50 percent. According to the central bank governor, despite the positive domestic inflation trends, maintaining a cautious monetary policy is justified due to the international situation.
The Monetary Council of the Hungarian National Bank did not change interest rates at its meeting on Tuesday. Central Bank Governor Mihály Varga will provide information on the background to the decision.
The central bank's base rate of 5.5 percent remained unchanged - The base rate was last reduced in August.
MNB President Mihály Varga also takes the stage, Péter Magyar and András Kármán barely presented the main details of the new budget. They fundamentally affect interest rates and the future of the forint.
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