Hungary holds rates again after September cut
Geopolitics prompt “careful, patient” monetary policy, says deputy governor
The Central Bank of Hungary (MNB) has paused its monetary policy easing again.
Deputy governor Csaba Kandrács said that the decision, taken today (October 22), had mostly been prompted by geopolitical factors, such as the intensifying conflicts in the Middle East and Ukraine, as well as the upcoming US election.
He said holding rates was “the one and only real option” for the governing council. The key rate – the base rate – will stay at 6.5%. The overnight deposit rate remains 5.5% and the
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