Monetary Council rate-setting meeting: no change, no surprise

HUNGARY - In Brief 21 Aug 2018 by Istvan Racz
There was no policy change whatsoever coming out of today's monthly rate-setting meeting of the Monetary Council. Rising central bank interest rates, oil market events, trade war prospects and Turkish events were all mentioned by the communiqué, as factors requiring cautious watch and consideration, but insufficient to warrant any monetary tightening. Once again, this was no surprise at all, just kind of everyone on the market expected exactly this result.

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