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NBH Release February Meeting Minutes

HUNGARY

Highlights from the central bank's minutes release:

  • Monetary Council members were unanimous in pointing out that the fundamental outlook for inflation warranted maintaining the base rate at its current level for a prolonged period.
  • Some members emphasised that even with the increased required reserve ratio, there would be ample liquidity in the banking system.
  • In the Monetary Council’s assessment, it was necessary to maintain the current level of the base rate over a prolonged period, which would ensure that inflation expectations were anchored and the inflation target was achieved in a sustainable manner.

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