October 22, 2024 12:15 GMT
MNI BRIEF: NBH Holds Policy As Expected, Base Rate 6.50%
National Bank of Hungary keeps interest rates unchanged in October.
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MNI (LONDON) - The National Bank of Hungary left key interest rates unchanged on Tuesday, in line with analyst expectations following last week's remarks by deputy governor Virag that the central bank could stand pat for a substantial period of time. (See MNI EM POLICY: Length Of NBH Rates Pause Linked To Risk Appetite)
The Bank's base rate remains at 6.50%, the overnight bank rate at 5.50%, and the overnight collateralised loan rate at 7.50%.
A press conference is scheduled for 3pm local time.
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