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Virag Reiterates Guidance for 6.5-7.0% Base Rate by End of Q2

HUNGARY
BulletEM BulletEmerging Market NewsHomepage

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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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