Hungary Keeps Key Rate on Hold
Hungary Keeps Key Rate on Hold

Hungary Keeps Key Rate on Hold

Hungary Keeps Key Rate on Hold

Hungary’s central bank kept its base interest rate on hold at a record low on Tuesday, sticking to its declared policy of using alternative instruments to ease monetary conditions, Reuters reported. In line with its earlier message, the bank reiterated that it was ready to loosen monetary conditions further via unconventional tools if needed. “If ... warranted by the achievement of the inflation target, the council will stand ready to ease monetary conditions further using unconventional, targeted instruments,” the Monetary Council said in a statement. The bank ruled out further cuts in the base rate from 0.9% last May, instead cutting the stock of three-month deposits by imposing limits on them as its key tool to drive down borrowing costs. “The big question this year will be how the central bank shapes liquidity conditions in the local money market, whether it introduces new tools in addition to the existing tools or whether it phases out some tools,” said Gergely Urmossy, an analyst at Erste Bank in a note.


Short URL : https://goo.gl/Dwerfq
  1. https://goo.gl/9jVneM
  • https://goo.gl/m9EcA8
  • https://goo.gl/6NujdU
  • https://goo.gl/bpPh9F
  • https://goo.gl/78JhbB

You can also read ...

Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...

Add new comment

Read our comment policy before posting your viewpoints