Hungarian central bank (NBH) policymakers have warned of the risks associated with persistent inflation and agreed that a tightening cycle that started in July should be continued on a monthly basis, though at a slower pace.
At a policy meeting in September rate-setters were “unanimous” that the cycle of interest rate hikes and other methods to tighten monetary conditions should be employed in light of the “upside risks surrounding the inflation outlook”, according to the minutes of the meeting released on Wednesday. September’s monetary tightening “are indicative of decision-making in the coming months”, the minutes said.
hungarymatters.hu
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