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MNB Minutes Show Rate Cut Decision Was Unanimous

HUNGARY

MNB Rate Decision Minutes highlights:

  • Decision to lower top of rate corridor by 100bps to 18.50% was unanimous
  • If the improvement in risk perceptions persists, will continue the gradual convergence of the interest rate conditions of one-day tenders to the base rate
  • Council agreed unanimously that maintaining financial market stability was key to achieving price stability
  • Council agreed that the inflation path expected for next year had shifted upwards relative to March due to the 2024 tax measures

Full minutes release here: https://www.mnb.hu/letoltes/roviditett-jegyzokonyv...

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