Analysts: base rate remained unchanged as expected

By: Trademagazin editor Date: 2021. 02. 24. 11:20

The market did not expect the central bank base rate to change, the decision of the Monetary Council of the Magyar Nemzeti Bank (MNB) on Tuesday met analysts’ expectations, experts told MTI.

At this year’s second interest rate decision meeting, the base rate remained at 0.6 percent, the overnight deposit rate was -0.05 percent, and the overnight and one-week covered loan rates were 1.85 percent unchanged.

According to Suppan Gergely, senior analyst at Takarékbank, as inflation may remain around the 3% inflation target at the beginning of the year, no tightening will be needed. (MTI)