The National Bank of Hungary has left the base rate at 0.9 percent and the O/N deposit rate at -0.05 percent. The rates have been left unchanged for more than six months. The Council said it relies primarily on incoming data as well as projections in its Inflation Report. “According to global leading central banks’ indications and market pricing, a loose monetary policy environment will be persistently maintained, and additional moderate loosening measures can be expected,” the Council wrote.
