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NBH Release January Meeting Minutes

HUNGARY

Key highlights from January meeting minutes:

  • Monetary Council members unanimously argued in favour of maintaining tight monetary conditions, stressing that the current level of the base rate was adequate to respond to fundamental inflation risks.
  • It was necessary to maintain tight monetary conditions over a prolonged period, which would ensure that inflation expectations were anchored and the inflation target was achieved in a sustainable manner.
  • Investor sentiment had improved slightly since the last interest rate decision.
  • The effects causing a turnaround in inflation were expected to strengthen in the coming months.

Link to minutes: https://www.mnb.hu/letoltes/roviditett-jegyzokonyv...

Link to latest Macroeconomic and Financial Market Developments: https://www.mnb.hu/letoltes/hatteranyag-a-monetari...

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