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NBH Release April MPC meeting statement

HUNGARY
Highlights from the statement:
  • The current level of the base rate is adequate to manage fundamental inflation risks.
  • In the Monetary Council’s assessment, it is necessary to maintain tight monetary conditions in order to achieve price stability.
  • The risk environment, including Hungary’s risk perception, has improved significantly, driven by external and internal factors.
  • The consumer price index is expected to decrease at an accelerating pace in the next months.
  • Looking ahead, maintaining market stability and strengthening monetary policy transmission are also key to achieving price stability.
  • The central bank will take into account the persistence of improvements in risk perceptions at the following policy meetings before making a decision to setting the interest rate conditions of overnight instruments.

See the full statement here: https://www.mnb.hu/en/monetary-policy/the-monetary...

Post-decision presser begins at 1430BST/1530CET

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