April 23, 2024 13:49 GMT
Virag Reiterates Guidance for 6.5-7.0% Base Rate by End of Q2
HUNGARY
Highlights from Deputy Governor Virag's post-decision press conference (comments via Reuters News):
- Reiterates guidance for 6.5% to 7% base rate level by end of first half… This could imply two more 50bp rate cuts
- To closely monitor market services inflation
- Backward-looking pricing practice is wrong
- Price hikes exceeding 17% hamper decline in inflation… this practice is wrong and flawed
- Important that market services inflation should decline
- Patient approach needed
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