{"id":22172,"date":"2011-06-20T13:57:00","date_gmt":"2011-06-20T17:57:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=68b89989b23b8bcb16610fb8bb10b464"},"modified":"2011-06-20T13:57:00","modified_gmt":"2011-06-20T17:57:00","slug":"hungary-central-bank-holds-interest-rate-at-6-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/20\/hungary-central-bank-holds-interest-rate-at-6-00\/","title":{"rendered":"Hungary Central Bank Holds Interest Rate at 6.00%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The\u00a0<a href=\"http:\/\/www.mnb.hu\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">Magyar Nemzeti Bank<\/a>\u00a0<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">held its benchmark base rate unchanged at 6.00% despite inflation rising above its target. \u00a0The Bank said: &quot;Inflation is likely to be above target in the short term, due to cost-push pressures stemming from the rise in commodity prices. However, owing to the disciplining effect on price and wage-setting of the persistent weakness in domestic demand and high unemployment, the 3% inflation target can be achieved at the end of 2012 by maintaining interest rates at their current level over a sustained period.&quot;<\/span><\/p>\n<div> <span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">Previously the Bank also held the <a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/hungary-central-bank-holds-rate-at-600.html\">interest rate<\/a> at 6.00% in May, after raising it 25 basis points in January this year. \u00a0Hungary reported annual inflation of 3.9% in May, down slightly from 4.7% in April, and 4.5% in March.\u00a0 Hungary&#39;s Central Bank has a medium term <a href=\"http:\/\/www.centralbanknews.info\/p\/inflation-targets.html\">inflation target<\/a> of 3%.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"text-decoration: none; \">www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-8839718983811723842?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Magyar Nemzeti Bank\u00a0held its benchmark base rate unchanged at 6.00% despite inflation rising above its target. \u00a0The Bank said: &quot;Inflation is likely to be above target in the short term, due to cost-push pressures stemming from the rise in c&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22172","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22172"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22172\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}