Hungary holds rates again
MNB remains hopeful about 2025 as economy slides into recession
Hungary’s central bank held rates at its monetary policy meeting yesterday (November 19).
This was the second rate hold in a row. The bank’s key rate will stay at 6.5%, the overnight deposit rate will stay at 5.5% and the overnight collateralised lending rate will stay at 7.5%.
The bank registered a 0.2 percentage point rise in annual inflation in October, while core inflation dropped from 4.8% to 4.5%. The Central Bank of Hungary (MNB) said it still expected inflation to rise temporarily in the
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